Ameriprise Financial Inc. Has $383.27 Million Stake in EPAM Systems, Inc. $EPAM

Key Points

• Ameriprise Financial Inc. increased its stake in EPAM Systems by 4.1%, acquiring an additional 89,418 shares, bringing its total holdings to 2,270,561 shares, valued at approximately $383.3 million.
• EPAM Systems reported earnings per share (EPS) of $2.77 for the last quarter, exceeding analyst expectations, and recorded a revenue growth of 18% year-over-year, totaling $1.35 billion.
• Multiple analysts have upgraded their ratings for EPAM Systems, with price targets ranging from $194 to $215, reflecting a strong consensus of a "Moderate Buy" on the stock.

Ameriprise Financial Inc. increased its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,270,561 shares of the information technology services provider's stock after acquiring an additional 89,418 shares during the quarter. Ameriprise Financial Inc. owned 3.98% of EPAM Systems worth $383,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in EPAM Systems by 3.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider's stock valued at $434,000 after acquiring an additional 80 shares during the period. Fifth Third Bancorp boosted 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 buying an additional 91 shares during the last quarter. Empirical Finance LLC boosted its position in EPAM Systems by 7.1% in the first quarter. Empirical Finance LLC now owns 1,457 shares of the information technology services provider's stock worth $246,000 after purchasing an additional 96 shares during the last quarter. Yousif Capital Management LLC increased its stake in EPAM Systems by 1.4% in the 1st quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock worth $1,216,000 after acquiring an additional 97 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of EPAM Systems by 2.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,363 shares of the information technology services provider's stock worth $737,000 after purchasing an additional 102 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EPAM. Scotiabank reduced their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley lowered their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Needham & Company LLC lifted their price target on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Guggenheim boosted their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus decreased their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $226.25.

EPAM Systems Stock Up 1.8%

Shares of NYSE EPAM traded up $3.01 during midday trading on Wednesday, reaching $173.29. 192,546 shares of the company's stock were exchanged, compared to its average volume of 748,276. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a market capitalization of $9.65 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.50 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The business's fifty day moving average price is $167.36 and its two-hundred day moving average price is $176.72.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company earned $2.45 earnings per share. The business's revenue was up 18.0% compared to the same quarter last year. 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.

EPAM Systems Company 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.