Banque Transatlantique SA Acquires Shares of 1,579 EPAM Systems, Inc. $EPAM

Key Points

• Banque Transatlantique SA made a new investment of approximately $246,000 in EPAM Systems, purchasing 1,579 shares during the first quarter.
• Several other institutional investors increased their stakes in EPAM Systems during the same period, resulting in over 91.58% of the stock being owned by hedge funds and institutional investors.
• EPAM Systems reported strong quarterly earnings, with $2.77 earnings per share, exceeding analysts' expectations and showing an 18.0% increase in revenue compared to the previous year.

Banque Transatlantique SA bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,579 shares of the information technology services provider's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAM. Sentry Investment Management LLC acquired a new position in EPAM Systems during the 1st quarter worth $33,000. CX Institutional acquired a new position in EPAM Systems during the 1st quarter worth $42,000. First Horizon Advisors Inc. grew its stake in EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after purchasing an additional 213 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock worth $109,000 after purchasing an additional 517 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after purchasing an additional 470 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EPAM has been the subject of several analyst reports. TD Cowen raised EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Monday, August 18th. Barclays upped their price objective on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Wall Street Zen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $226.25.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $1.23 during trading hours on Friday, reaching $169.32. The stock had a trading volume of 947,316 shares, compared to its average volume of 704,046. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 2.46 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 fifty-two week low of $138.15 and a fifty-two week high of $269.00. The firm has a 50-day moving average of $167.99 and a 200-day moving average of $171.35.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion during 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 was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.