BW Gestao de Investimentos Ltda. Acquires New Position in EPAM Systems, Inc. $EPAM

Key Points

• BW Gestao de Investimentos Ltda. acquired 41,300 shares of EPAM Systems, valued at approximately $6,973,000, marking a new investment in the company.
• EPAM Systems reported earnings of $2.77 EPS for the last quarter, exceeding analysts' expectations and showing an 18.0% year-over-year revenue growth.
• Institutional investors collectively own 91.58% of EPAM Systems' stock, highlighting significant interest from large fund managers.

BW Gestao de Investimentos Ltda. acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 41,300 shares of the information technology services provider's stock, valued at approximately $6,973,000. BW Gestao de Investimentos Ltda. owned about 0.07% of EPAM Systems as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of EPAM Systems by 37.1% in the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after acquiring an additional 965,089 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EPAM Systems by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider's stock worth $383,267,000 after acquiring an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA grew its stake in EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock worth $274,923,000 after purchasing an additional 809,423 shares in the last quarter. Ninety One UK Ltd purchased a new position in EPAM Systems during the first quarter valued at approximately $186,280,000. Finally, Alyeska Investment Group L.P. increased its holdings in EPAM Systems by 2,332.9% during the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock valued at $123,232,000 after buying an additional 699,877 shares during the period. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target on the stock. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Monday, August 18th. JPMorgan Chase & Co. lowered their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Barclays lifted their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.25.

EPAM Systems Stock Performance

NYSE EPAM traded up $1.23 on Friday, reaching $169.32. 947,316 shares of the company's stock traded hands, compared to its average volume of 710,923. The stock has a 50 day moving average price of $167.99 and a 200-day moving average price of $171.73. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.46 and a beta of 1.66. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company's revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

About EPAM Systems

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.