EPAM Systems, Inc. $EPAM Shares Acquired by Tidal Investments LLC

Key Points

• Tidal Investments increased its EPAM Systems stake by 23% in the second quarter, bringing its holdings to 79,826 shares worth approximately $6.3 million. Institutional investors collectively own 91.58% of the company.
• Analyst sentiment remains mixed, with six Buy, ten Hold and one Sell rating. EPAM has a consensus rating of Hold and an average price target of $116.47.
• EPAM exceeded quarterly earnings expectations, reporting $3.38 in adjusted EPS versus the $3.16 consensus estimate, while revenue reached $1.41 billion and increased 4.6% year over year.

Tidal Investments LLC lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 23.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,826 shares of the information technology services provider's stock after purchasing an additional 14,917 shares during the period. Tidal Investments LLC owned approximately 0.15% of EPAM Systems worth $6,334,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank Hapoalim BM purchased a new position in shares of EPAM Systems in the second quarter worth approximately $1,491,000. Arrowstreet Capital Limited Partnership lifted its position in shares of EPAM Systems by 7.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider's stock valued at $47,199,000 after acquiring an additional 25,152 shares in the last quarter. Bank of America Corp DE boosted its stake in EPAM Systems by 15.9% in the 1st quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider's stock worth $84,584,000 after purchasing an additional 85,480 shares during the period. Lazard Asset Management LLC boosted its stake in EPAM Systems by 82.2% in the 1st quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider's stock worth $5,325,000 after purchasing an additional 17,737 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in EPAM Systems during the 2nd quarter worth approximately $9,315,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EPAM. Stifel Nicolaus set a $135.00 target price on EPAM Systems in a report on Thursday, August 6th. Wedbush started coverage on EPAM Systems in a research report on Monday, June 15th. They set a "neutral" rating and a $99.00 price target on the stock. Wells Fargo & Company reduced their price objective on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, July 10th. Citigroup decreased their price objective on EPAM Systems from $112.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, July 27th. Finally, Susquehanna lowered their target price on EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.47.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $117.83 on Monday. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The stock's 50-day moving average is $101.84 and its two-hundred day moving average is $109.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $6.08 billion, a P/E ratio of 15.97, a PEG ratio of 1.21 and a beta of 1.38.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating the consensus estimate of $3.16 by $0.22. The business had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 EPS. 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. Analysts predict that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

About EPAM Systems

EPAM Systems, Inc is a global digital engineering and technology services company that helps businesses design, develop and modernize software and digital products. Its services include software engineering, product development, platform engineering, cloud transformation, data and analytics, artificial intelligence, cybersecurity, consulting and experience design.

EPAM serves clients across industries such as financial services, healthcare, life sciences, retail, travel and hospitality, media, telecommunications, energy and manufacturing.

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