EPAM Systems, Inc. $EPAM Shares Bought by Channing Capital Management LLC

Key Points

• Channing Capital Management LLC increased its holdings in EPAM Systems, acquiring an additional 6,551 shares, bringing its total ownership to 36,786 shares valued at approximately $6.21 million.
• EPAM Systems reported $2.77 earnings per share for the last quarter, surpassing analysts' expectations, with a revenue of $1.35 billion, reflecting an 18% year-over-year increase.
• Wall Street analysts have varied ratings for EPAM Systems, with a consensus price target of **$226.25**, while 13 analysts have rated it a "Buy" and four as a "Hold."

Channing Capital Management LLC lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,786 shares of the information technology services provider's stock after buying an additional 6,551 shares during the period. Channing Capital Management LLC owned approximately 0.06% of EPAM Systems worth $6,211,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings 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 worth $1,224,000 after purchasing an additional 1,112 shares during the last quarter. SG Americas Securities LLC increased its holdings in EPAM Systems by 518.9% in 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 buying an additional 5,827 shares in the last quarter. Liontrust Investment Partners LLP purchased a new position in EPAM Systems in the first quarter valued at $6,486,000. CX Institutional purchased a new position in EPAM Systems in the first quarter valued at $42,000. Finally, Fifth Third Bancorp increased its holdings in EPAM Systems by 6.1% in 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 in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on EPAM. Stifel Nicolaus cut their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Wall Street Zen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Barclays lifted their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $226.25.

EPAM Systems Price Performance

EPAM traded down $0.60 on Tuesday, reaching $171.92. 250,200 shares of the company's stock were exchanged, compared to its average volume of 746,129. The stock has a market cap of $9.58 billion, a PE ratio of 24.54, a P/E/G ratio of 2.54 and a beta of 1.67. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock's fifty day moving average price is $167.32 and its 200-day moving average price is $176.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share 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 analyst estimates of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. EPAM Systems's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the business posted $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. Sell-side analysts expect 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.