Groupama Asset Managment Acquires 1,932 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Groupama Asset Management has increased its stake in EPAM Systems by 33.1% in the first quarter, now owning a total of 7,765 shares worth approximately $1.312 million.
• EPAM Systems reported better-than-expected quarterly earnings, with $2.77 earnings per share surpassing the consensus estimate of $2.61, and revenues of $1.35 billion, a 18% increase year-over-year.
• Analyst ratings show a mix of bullish and cautious perspectives, with an average target price of $226.25, indicating a Moderate Buy rating for the stock.

Groupama Asset Managment boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 33.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,765 shares of the information technology services provider's stock after buying an additional 1,932 shares during the period. Groupama Asset Managment's holdings in EPAM Systems were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after buying an additional 125 shares during the period. Sentry Investment Management LLC acquired a new position in EPAM Systems in the 1st quarter worth about $33,000. CX Institutional acquired a new position in EPAM Systems in the 1st quarter worth about $42,000. First Horizon Advisors Inc. increased its position in EPAM Systems by 79.5% in the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after purchasing an additional 213 shares during the last quarter. Finally, IFP Advisors Inc increased its position in EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after purchasing an additional 470 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Up 5.0%

Shares of EPAM traded up $8.3080 during trading hours on Friday, hitting $174.7080. 802,927 shares of the company were exchanged, compared to its average volume of 809,939. The company has a market cap of $9.73 billion, a PE ratio of 24.92, a PEG ratio of 2.54 and a beta of 1.67. The firm's 50 day moving average is $167.32 and its 200-day moving average is $177.99. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company earned $2.45 EPS. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday. Wall Street Zen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays upped their target price on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Needham & Company LLC upped their target price on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $226.25.

About EPAM Systems

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.