Machina Capital S.A.S. Invests $544,000 in EPAM Systems, Inc. (NYSE:EPAM)

Key Points

• Machina Capital S.A.S. acquired a new stake in EPAM Systems, purchasing 3,220 shares valued at approximately $544,000 during the first quarter of the year.
• EPAM Systems' stock has recently faced varying analyst ratings, with ratings ranging from a "buy" to "hold" and target prices adjusted between $210.00 and $275.00.
• In its latest quarterly earnings, EPAM Systems reported $1.30 billion in revenue, exceeding analyst expectations, and achieved an earnings per share of $2.41.

Machina Capital S.A.S. purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,220 shares of the information technology services provider's stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. American Century Companies Inc. increased its position in EPAM Systems by 35.8% in the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock valued at $4,816,000 after acquiring an additional 5,435 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in EPAM Systems by 18.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock valued at $1,224,000 after acquiring an additional 1,112 shares during the period. SG Americas Securities LLC increased its position in EPAM Systems by 518.9% in the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock valued at $1,173,000 after acquiring an additional 5,827 shares during the period. Fifth Third Bancorp increased its position in EPAM Systems by 6.1% in the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after acquiring an additional 91 shares during the period. Finally, DnB Asset Management AS increased its position in shares of EPAM Systems by 26.4% during the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after purchasing an additional 2,349 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPAM. Stifel Nicolaus lowered their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Needham & Company LLC lifted their price target on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Scotiabank lowered their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler lifted their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $231.73.

EPAM Systems Price Performance

Shares of EPAM traded up $0.52 during trading hours on Monday, hitting $171.26. 79,149 shares of the company were exchanged, compared to its average volume of 735,091. The company has a market capitalization of $9.70 billion, a PE ratio of 23.94, a PEG ratio of 2.41 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06. The firm has a fifty day simple moving average of $174.03 and a 200-day simple moving average of $188.99. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.27 by $0.14. The business had revenue of $1.30 billion during 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%. EPAM Systems's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.