EPAM Systems, Inc. $EPAM Stock Holdings Raised by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its EPAM Systems holdings by 96,341.9% in the third quarter, to 29,897 shares valued at about $3.2 million. Institutional investors and hedge funds collectively own 91.58% of the company.
• EPAM reported quarterly earnings of $3.51 per share, beating the $3.41 consensus estimate, while revenue of $1.43 billion also topped forecasts and rose 2.3% year over year.
• Analyst sentiment is mixed: six analysts rate the stock a Buy and eleven a Hold, producing an average rating of Hold and an average price target of $143.73.

Fulcrum Asset Management LLP lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 96,341.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,897 shares of the information technology services provider's stock after purchasing an additional 29,866 shares during the period. Fulcrum Asset Management LLP owned about 0.06% of EPAM Systems worth $3,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in EPAM Systems during the second quarter worth approximately $526,684,000. Bank of America Corp DE purchased a new stake in shares of EPAM Systems in the second quarter valued at approximately $52,531,000. Bank of New York Mellon Corp purchased a new stake in shares of EPAM Systems in the second quarter valued at approximately $24,729,000. Assenagon Asset Management S.A. increased its position in shares of EPAM Systems by 1,560.4% in the second quarter. Assenagon Asset Management S.A. now owns 292,542 shares of the information technology services provider's stock valued at $23,213,000 after buying an additional 274,923 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of EPAM Systems during the 2nd quarter worth approximately $18,816,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Trading Down 1.9%

EPAM stock opened at $156.32 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.43 and a beta of 1.28. The business's 50-day moving average is $122.69 and its 200 day moving average is $121.11.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The information technology services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.41 by $0.10. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $3.08 EPS. EPAM Systems's quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 10.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EPAM. JPMorgan Chase & Co. lowered EPAM Systems from an "overweight" rating to a "neutral" rating and set a $120.00 target price on the stock. in a research report on Wednesday, August 26th. William Blair lowered shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a report on Thursday, August 6th. Truist Financial boosted their price target on shares of EPAM Systems from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Friday. Needham & Company LLC upped their price objective on shares of EPAM Systems from $120.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, November 5th. Finally, Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a report on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of "Hold" and an average target price of $143.73.

EPAM Systems Company Profile

EPAM Systems is a global provider of software engineering, digital transformation and consulting services. The company helps businesses design, build and maintain software products and digital platforms, and offers services in areas such as cloud computing, data and artificial intelligence, and cybersecurity.

Founded in 1993 by Arkadiy Dobkin, EPAM has grown from a software development firm into a technology services company serving clients across the Americas, Europe and Asia-Pacific.

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