Bridge City Capital LLC Purchases 16,815 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Bridge City Capital increased its EPAM Systems stake by 60.1% in the third quarter, purchasing 16,815 additional shares and bringing its holdings to 44,772 shares valued at approximately $4.85 million.
• Institutional investors own 91.58% of EPAM, with major firms including BlackRock, Dimensional Fund Advisors and Bank of America also increasing or initiating positions.
• EPAM beat quarterly EPS expectations, reporting $3.38 versus the $3.16 consensus, while revenue rose 4.6% year over year to $1.41 billion. Despite analyst price-target cuts, the stock carries a consensus “Hold” rating and an average target of $121.20.

Bridge City Capital LLC grew its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 60.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,772 shares of the information technology services provider's stock after purchasing an additional 16,815 shares during the period. Bridge City Capital LLC owned about 0.09% of EPAM Systems worth $4,851,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in EPAM Systems in the 2nd quarter worth about $526,684,000. Dimensional Fund Advisors LP lifted its holdings in EPAM Systems by 25.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider's stock worth $144,789,000 after acquiring an additional 219,388 shares during the period. Bank of America Corp DE lifted its holdings in EPAM Systems by 15.9% during the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider's stock worth $84,584,000 after acquiring an additional 85,480 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in EPAM Systems by 7.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider's stock worth $47,199,000 after purchasing an additional 25,152 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in EPAM Systems by 26.6% in the first quarter. Bessemer Group Inc. now owns 305,052 shares of the information technology services provider's stock worth $41,305,000 after purchasing an additional 64,078 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Stock Performance

Shares of EPAM opened at $140.29 on Monday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.46 and a beta of 1.39. The business's fifty day simple moving average is $118.08 and its two-hundred day simple moving average is $123.02. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The firm's revenue was up 4.6% compared to the same quarter last year. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Research analysts anticipate that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EPAM shares. TD Cowen reduced their price target on shares of EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Guggenheim reduced their target price on EPAM Systems from $165.00 to $140.00 and set a "buy" rating for the company in a report on Monday, August 10th. Susquehanna dropped their price objective on EPAM Systems from $167.00 to $146.00 and set a "positive" rating for the company in a research note on Friday, August 7th. Needham & Company LLC cut their price target on shares of EPAM Systems from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Finally, Citigroup increased their target price on shares of EPAM Systems from $100.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, October 26th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $121.20.

About EPAM Systems

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.

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