EPAM Systems, Inc. $EPAM Stock: Norris Perne & French LLP MI Boosts Position

Key Points

• Norris Perne & French LLP MI more than doubled its EPAM Systems stake in the third quarter, increasing holdings by 123% to 145,932 shares valued at approximately $15.8 million.
• Institutional ownership remains high at 91.58%, with major investors including BlackRock, Bank of America, Bank of New York Mellon and Assenagon Asset Management adding or initiating positions.
• Analyst sentiment is mixed: six analysts rate EPAM a Buy and eleven rate it Hold, resulting in a consensus Hold rating and an average price target of $116.47, despite the company beating quarterly EPS estimates and reporting 4.6% year-over-year revenue growth.

Norris Perne & French LLP MI raised its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 123.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,932 shares of the information technology services provider's stock after purchasing an additional 80,489 shares during the period. Norris Perne & French LLP MI owned 0.28% of EPAM Systems worth $15,813,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EPAM shares. Guggenheim lowered their price objective on EPAM Systems from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $85.00 target price on shares of EPAM Systems in a research report on Friday, July 10th. Truist Financial cut their target price on shares of EPAM Systems from $112.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, August 7th. Needham & Company LLC reduced their target price on shares of EPAM Systems from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Finally, Susquehanna lowered their price target on shares of EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $116.47.

EPAM Systems Trading Down 1.7%

NYSE:EPAM opened at $136.25 on Friday. EPAM Systems, Inc. has a 1 year low of $73.06 and a 1 year high of $222.53. The stock's fifty day moving average price is $115.06 and its two-hundred day moving average price is $105.54. 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 company has a market cap of $7.03 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.42 and a beta of 1.39.

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 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the previous year, the business earned $2.77 earnings per share. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. 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. As a group, analysts expect that EPAM Systems, Inc. will post 10.47 EPS for the current year.

EPAM Systems Company Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.