Aberdeen Group plc Purchases 16,058 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Aberdeen Group plc increased its holdings in EPAM Systems by 62.3% in Q1, owning approximately 41,831 shares valued at $6.95 million.
• EPAM Systems reported $2.77 EPS for the last quarter, exceeding analyst expectations of $2.61, and the company anticipates a FY 2025 EPS of between 10.960 and 11.120.
• Thirteen analysts currently rate EPAM Systems with a Buy rating, while the average target price is set at $226.25.

Aberdeen Group plc raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 62.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,831 shares of the information technology services provider's stock after acquiring an additional 16,058 shares during the period. Aberdeen Group plc owned approximately 0.07% of EPAM Systems worth $6,955,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $218,000. Mariner LLC boosted its stake in shares of EPAM Systems by 26.7% in the fourth quarter. Mariner LLC now owns 2,848 shares of the information technology services provider's stock valued at $666,000 after buying an additional 600 shares during the period. Guggenheim Capital LLC boosted its stake in shares of EPAM Systems by 4.1% in the fourth quarter. Guggenheim Capital LLC now owns 3,982 shares of the information technology services provider's stock valued at $931,000 after buying an additional 157 shares during the period. Canada Pension Plan Investment Board lifted its stake in EPAM Systems by 33.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 21,200 shares of the information technology services provider's stock worth $4,957,000 after purchasing an additional 5,300 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in EPAM Systems by 1.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 33,683 shares of the information technology services provider's stock worth $7,866,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of EPAM stock traded down $2.9890 during trading hours on Monday, hitting $171.9610. 204,614 shares of the company were exchanged, compared to its average volume of 747,415. The firm has a fifty day simple moving average of $167.32 and a 200 day simple moving average of $177.38. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.54 and a beta of 1.67.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The business had revenue of $1.35 billion during 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 revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 EPS. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research note on Thursday, July 17th. They set a "hold" rating and a $171.00 target price for the company. Scotiabank decreased their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price objective on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Finally, Guggenheim raised their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note 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 company. According to data from MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and an average price target of $226.25.

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.