Jacobs Levy Equity Management Inc. Has $88.35 Million Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in EPAM Systems by 2.0%, owning approximately 523,288 shares valued at $88.35 million as of their latest SEC filing.
• EPAM Systems reported $1.35 billion in revenue for the quarter, exceeding analysts' expectations, with earnings per share of $2.77 beating the consensus estimate by $0.16.
• Thirteen analysts have rated EPAM stock as a Buy, with an average price target of $226.25, indicating positive market sentiment despite the stock's recent 3.4% decline.

Jacobs Levy Equity Management Inc. increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 523,288 shares of the information technology services provider's stock after purchasing an additional 10,471 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.92% of EPAM Systems worth $88,352,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. BW Gestao de Investimentos Ltda. acquired a new stake in shares of EPAM Systems during the 1st quarter worth about $6,973,000. Banque Transatlantique SA bought a new stake in EPAM Systems during the 1st quarter worth about $246,000. Alyeska Investment Group L.P. grew its holdings in EPAM Systems by 2,332.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock worth $123,232,000 after acquiring an additional 699,877 shares during the last quarter. Quarry LP grew its holdings in EPAM Systems by 18.7% during the 1st quarter. Quarry LP now owns 2,975 shares of the information technology services provider's stock worth $502,000 after acquiring an additional 468 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in EPAM Systems by 24.3% during the 1st quarter. Nomura Holdings Inc. now owns 2,329 shares of the information technology services provider's stock worth $393,000 after acquiring an additional 456 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Trading Up 0.7%

Shares of NYSE:EPAM traded up $1.23 during mid-day trading on Friday, reaching $169.32. The stock had a trading volume of 947,316 shares, compared to its average volume of 704,046. The firm has a market cap of $9.43 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.46 and a beta of 1.66. The firm has a 50 day simple moving average of $167.99 and a two-hundred day simple moving average of $171.35. 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 twelve month low of $138.15 and a twelve month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the company posted $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. On average, research analysts predict 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 a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Wall Street Zen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. Finally, Barclays increased their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and an average price target 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.