EPAM Systems, Inc. $EPAM Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in EPAM Systems, Inc. by 9.4%, owning 309,006 shares valued at approximately $52.2 million.
• Several analysts have raised their price targets on EPAM, with a majority rating it as a "Buy" and setting the average price target at $226.25.
• EPAM reported earnings of $2.77 per share for the previous quarter, exceeding analysts’ expectations and marking an 18% increase in revenue compared to the same quarter last year.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,006 shares of the information technology services provider's stock after buying an additional 26,646 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.54% of EPAM Systems worth $52,173,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of EPAM Systems by 18.1% in the 1st 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 buying an additional 1,112 shares during the period. SG Americas Securities LLC grew its stake in shares of EPAM Systems by 518.9% in the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock valued at $1,173,000 after buying an additional 5,827 shares during the period. Liontrust Investment Partners LLP purchased a new position in shares of EPAM Systems during the 1st quarter worth approximately $6,486,000. CX Institutional purchased a new position in shares of EPAM Systems during the 1st quarter worth approximately $42,000. Finally, Fifth Third Bancorp boosted its position in shares of EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

EPAM stock traded up $0.13 during trading on Thursday, reaching $173.68. 194,143 shares of the company were exchanged, compared to its average volume of 747,641. The company has a market cap of $9.67 billion, a P/E ratio of 24.78, a PEG ratio of 2.47 and a beta of 1.67. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock's 50 day moving average price is $167.53 and its 200 day moving average price is $176.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm 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, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on EPAM shares. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Monday, August 18th. Piper Sandler raised their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They set a "hold" rating and a $171.00 price target on the stock. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Finally, Guggenheim raised their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report 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. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and an average target price of $226.25.

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.