Man Group plc purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 106,215 shares of the information technology services provider's stock, valued at approximately $8,428,000. Man Group plc owned 0.21% of EPAM Systems at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in EPAM Systems in the 2nd quarter valued at approximately $526,684,000. Boston Partners acquired a new stake in EPAM Systems in the fourth quarter valued at $349,428,000. Capital World Investors increased its position in shares of EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider's stock valued at $753,874,000 after buying an additional 1,371,557 shares in the last quarter. Norges Bank purchased a new position in shares of EPAM Systems in the fourth quarter valued at $147,870,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of EPAM Systems by 849.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider's stock worth $160,649,000 after buying an additional 701,500 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.
EPAM Systems Stock Performance
Shares of NYSE EPAM opened at $114.86 on Friday. The company has a market cap of $5.93 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.39. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. 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 50-day simple moving average of $94.67 and a 200-day simple moving average of $113.33.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The company'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. On average, equities analysts anticipate that EPAM Systems, Inc. will post 10.48 earnings per share for the current year.
Analysts Set New Price Targets
EPAM has been the topic of several recent research reports. Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a research report on Thursday, August 6th. The Goldman Sachs Group downgraded shares of EPAM Systems from a "buy" rating to a "neutral" rating and dropped their target price for the company from $215.00 to $110.00 in a report on Friday, May 8th. Jefferies Financial Group downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $130.00 to $110.00 in a report on Friday, May 29th. Needham & Company LLC lowered their price target on shares of EPAM Systems from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, William Blair cut shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 6th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $116.47.
View Our Latest Research Report on EPAM
EPAM Systems Company Profile
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Free Report)
EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM's offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.
In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.
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