EPAM Systems Stock Drops as Victory Capital Management Sells Shares

Trending News ☀️

EPAM SYSTEMS ($NYSE:EPAM), Inc. is a global provider of digital platform engineering and software development services. Victory Capital Management Inc. has sold some of its shares in the company, resulting in a drop in the stock price. The stock price of EPAM SYSTEMS dropped after Victory Capital Management announced it had sold some of its shares. Victory Capital Management did not disclose how many shares it sold or the reasons for the sale.

However, the sale represents a reduction in Victory Capital Management’s holdings in EPAM SYSTEMS. EPAM SYSTEMS stock is down 3 percent on the news.

Stock Price

On Tuesday, shares of EPAM Systems opened at $358.8 and closed at $342.2, down 2.2% from its previous closing price of $350.0.

VI Analysis

However, there are some risks associated with investing in the company. The app has detected two risk warnings in the income sheet, one related to the financial health of the company and the other related to its business model.

VI Peers

The company has over 25,000 employees and clients in over 90 countries. EPAM Systems Inc. has been ranked as one of the world’s largest and fastest-growing outsourcing companies by several magazines. The company’s main competitors are Tranway Technologies Ltd, Mahaveer Infoway Ltd, and Indata SA.

– Tranway Technologies Ltd ($BSE:542923)

Tranway Technologies is a leading provider of transportation solutions. The company’s products and services are used by transportation professionals in a variety of industries, including aviation, maritime, and land transportation. Tranway’s products and services are designed to improve the efficiency and safety of transportation operations. The company’s products and services are used by transportation professionals in a variety of industries, including aviation, maritime, and land transportation.

– Mahaveer Infoway Ltd ($BSE:539383)

Mahaveer Infoway Ltd is a company that provides information technology services. It has a market cap of 35.64M as of 2022 and a return on equity of 5.35%. The company offers services such as software development, web development, and e-commerce solutions. It also provides IT consulting and support services. The company has its headquarters in Bangalore, India.

Summary

EPAM Systems, Inc. stock dropped on Thursday after Victory Capital Management sold shares of the company. EPAM is a provider of software engineering and IT consulting services.