EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP significantly increased its stake in EPAM Systems by 92.5% during Q1, owning 6,431 shares valued at approximately $1,086,000.
• EPAM Systems reported $2.41 EPS for the last quarter, surpassing analyst expectations of $2.27 and achieving an 11.7% year-over-year revenue growth.
• Analysts have set new price targets for EPAM, with Guggenheim and Barclays both raising their targets to $215.00, indicating sustained investor interest and confidence in the company's performance.

GSA Capital Partners LLP lifted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 92.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,431 shares of the information technology services provider's stock after purchasing an additional 3,091 shares during the quarter. GSA Capital Partners LLP's holdings in EPAM Systems were worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital World Investors lifted its stake in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after purchasing an additional 414,942 shares during the period. Ameriprise Financial Inc. raised its position in EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after acquiring an additional 620,551 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 98.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock worth $274,923,000 after acquiring an additional 809,423 shares during the last quarter. Geode Capital Management LLC grew its position in shares of EPAM Systems by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after acquiring an additional 37,119 shares during the period. Finally, Ninety One UK Ltd bought a new position in EPAM Systems in the 1st quarter worth $186,280,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Susquehanna reduced their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd. Piper Sandler raised their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Stifel Nicolaus dropped their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Scotiabank dropped their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $231.73.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $1.54 during trading on Monday, hitting $152.53. The company had a trading volume of 471,059 shares, compared to its average volume of 731,068. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $172.04 and a two-hundred day simple moving average of $186.71. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.67.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.14. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 EPS. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.