EPAM Systems, Inc. (NYSE:EPAM) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 240,194 shares of the information technology services provider's stock after buying an additional 4,848 shares during the quarter. Hsbc Holdings PLC owned 0.42% of EPAM Systems worth $56,158,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in EPAM. Capital World Investors raised its position in EPAM Systems by 22.0% in the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after acquiring an additional 414,942 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of EPAM Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after purchasing an additional 37,119 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock valued at $191,471,000 after purchasing an additional 401,355 shares in the last quarter. Marshall Wace LLP boosted its holdings in EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after buying an additional 429,644 shares in the last quarter. Finally, Norges Bank acquired a new position in EPAM Systems during the fourth quarter worth about $173,053,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Trading Down 0.0 %

Shares of EPAM stock traded down $0.03 during mid-day trading on Monday, reaching $159.09. The company's stock had a trading volume of 468,839 shares, compared to its average volume of 692,833. The company's 50 day simple moving average is $175.93 and its 200-day simple moving average is $213.59. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a market capitalization of $9.08 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. On average, research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

EPAM has been the topic of several research analyst reports. Scotiabank decreased their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research note on Monday, February 24th. Guggenheim lowered their target price on EPAM Systems from $285.00 to $210.00 and set a "buy" rating on the stock in a report on Friday. Needham & Company LLC restated a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Susquehanna cut their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler downgraded shares of EPAM Systems from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $251.00 to $170.00 in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus price target of $235.56.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.