5,853 Shares in EPAM Systems, Inc. $EPAM Purchased by Strs Ohio

Key Points

• Strs Ohio has established a new position in EPAM Systems, acquiring 5,853 shares valued at approximately $988,000 in the first quarter.
• The stock has seen significant interest from institutional investors, with 91.58% of EPAM Systems' shares now owned by hedge funds and institutional investors.
• Analyst ratings for EPAM vary, with thirteen analysts giving a "Buy" rating and four issuing a "Hold" rating, while the average price target is set at $224.06.

Strs Ohio purchased a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,853 shares of the information technology services provider's stock, valued at approximately $988,000.

Several other large investors have also recently added to or reduced their stakes in EPAM. Invesco Ltd. boosted its stake in EPAM Systems by 37.1% in the first 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 period. Ameriprise Financial Inc. raised its holdings 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 valued at $383,267,000 after buying an additional 89,418 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in EPAM Systems by 98.8% in the 1st 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 buying an additional 809,423 shares in the last quarter. Ninety One UK Ltd acquired a new stake in EPAM Systems in the 1st quarter valued at approximately $186,280,000. Finally, Alyeska Investment Group L.P. raised its stake in EPAM Systems by 2,332.9% during the 1st 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 acquiring an additional 699,877 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $0.53 during mid-day trading on Monday, reaching $156.73. The company had a trading volume of 698,579 shares, compared to its average volume of 850,044. The company has a 50-day moving average price of $163.29 and a two-hundred day moving average price of $167.71. The stock has a market cap of $8.73 billion, a PE ratio of 22.36, a P/E/G ratio of 2.27 and a beta of 1.66. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.EPAM Systems's revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EPAM shares. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Monday, August 18th. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Morgan Stanley decreased their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. JPMorgan Chase & Co. cut their target price on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Finally, Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems 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.