Aberdeen Group plc raised its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 13.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,655 shares of the information technology services provider's stock after acquiring an additional 5,824 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of EPAM Systems worth $8,426,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new stake in EPAM Systems in the second quarter valued at $29,000. Blue Trust Inc. lifted its stake in EPAM Systems by 40.5% in the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider's stock valued at $59,000 after acquiring an additional 96 shares during the last quarter. Parallel Advisors LLC lifted its stake in EPAM Systems by 215.5% in the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider's stock valued at $65,000 after acquiring an additional 250 shares during the last quarter. UMB Bank n.a. lifted its stake in EPAM Systems by 275.0% in the second quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider's stock valued at $69,000 after acquiring an additional 286 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of EPAM Systems by 82.8% during the 2nd quarter. CX Institutional now owns 457 shares of the information technology services provider's stock worth $81,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on EPAM. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Monday, August 18th. Weiss Ratings restated a "sell (d+)" rating on shares of EPAM Systems in a research note on Wednesday, October 8th. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. cut their target price 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. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $224.06.
Read Our Latest Research Report on EPAM Systems
EPAM Systems Price Performance
Shares of EPAM Systems stock opened at $142.06 on Friday. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $158.79 and a two-hundred day simple moving average of $164.18. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.07 and a beta of 1.65.
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 the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the company earned $2.45 EPS. The business's revenue was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.
About EPAM Systems
(
Free Report)
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.
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