Alyeska Investment Group L.P. Purchases 699,877 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in EPAM Systems, Inc. by 2,332.9% in the first quarter, acquiring 699,877 shares and holding a total of 729,877 shares valued at approximately $123.2 million.
• Several institutional investors, including Invesco Ltd. and Massachusetts Financial Services Co., have also increased their holdings in EPAM Systems, which is now predominantly owned (91.58%) by hedge funds and other institutional investors.
• Analysts have set varying price targets for EPAM Systems, with the average consensus target price at $226.25, indicating overall optimism for the company's stock, especially after recent earnings results exceeded expectations.

Alyeska Investment Group L.P. increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 2,332.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 729,877 shares of the information technology services provider's stock after purchasing an additional 699,877 shares during the period. Alyeska Investment Group L.P. owned about 1.28% of EPAM Systems worth $123,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of EPAM Systems by 18.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock valued at $1,224,000 after purchasing an additional 1,112 shares during the period. SG Americas Securities LLC increased its position in shares of EPAM Systems by 518.9% during the first quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock valued at $1,173,000 after purchasing an additional 5,827 shares during the period. Liontrust Investment Partners LLP bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $6,486,000. CX Institutional bought a new stake in shares of EPAM Systems during the first quarter valued at approximately $42,000. Finally, Fifth Third Bancorp increased its position in shares of EPAM Systems by 6.1% during the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after purchasing an additional 91 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Needham & Company LLC increased their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Cowen upgraded 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. Finally, Guggenheim increased their price objective on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average target price of $226.25.

EPAM Systems Price Performance

Shares of EPAM stock traded up $1.23 during trading hours on Friday, hitting $169.32. 947,316 shares of the company's stock were exchanged, compared to its average volume of 710,923. The stock's 50-day moving average is $167.99 and its 200-day moving average is $172.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 2.44 and a beta of 1.66. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.61 by $0.16. The company 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%.The business's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current 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.