Pacific Capital Partners Ltd Increases Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Pacific Capital Partners Ltd increased its stake in EPAM Systems by 12.5%, now owning 22,500 shares valued at approximately $3.98 million, making it the firm's 8th largest position.
• EPAM Systems reported EPS of $2.77 for the last quarter, exceeding analysts' expectations, with revenue rising 18% year-over-year to $1.35 billion.
• The stock has a consensus rating of Moderate Buy from analysts, with an average price target of $224.06, indicating strong future growth potential.

Pacific Capital Partners Ltd grew its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,500 shares of the information technology services provider's stock after purchasing an additional 2,500 shares during the quarter. EPAM Systems comprises 3.7% of Pacific Capital Partners Ltd's portfolio, making the stock its 8th biggest holding. Pacific Capital Partners Ltd's holdings in EPAM Systems were worth $3,978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ninety One UK Ltd bought a new stake in shares of EPAM Systems in the first quarter valued at about $186,280,000. Invesco Ltd. lifted its stake in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after buying an additional 965,089 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock valued at $274,923,000 after buying an additional 809,423 shares during the period. Alyeska Investment Group L.P. lifted its stake in shares of EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock valued at $123,232,000 after buying an additional 699,877 shares during the period. Finally, GAMMA Investing LLC lifted its stake in EPAM Systems by 16,784.0% during the first quarter. GAMMA Investing LLC now owns 198,218 shares of the information technology services provider's stock worth $33,467,000 after purchasing an additional 197,044 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Up 0.2%

EPAM traded up $0.24 during trading on Friday, reaching $156.11. 220,318 shares of the company's stock were exchanged, compared to its average volume of 757,536. The company's fifty day moving average price is $163.80 and its 200-day moving average price is $168.72. 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, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The firm has a market capitalization of $8.70 billion, a PE ratio of 22.24, a P/E/G ratio of 2.23 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results 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. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $2.45 EPS. The business's quarterly 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. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Morgan Stanley cut their price target on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 target price for the company. Finally, TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Monday, August 18th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and an average target price of $224.06.

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.