Martingale Asset Management L P Has $1.01 Million Position in EPAM Systems, Inc. $EPAM

Key Points

• Martingale Asset Management L P increased its stake in EPAM Systems by 541.6% in Q1, owning 5,960 shares valued at $1,006,000 after purchasing an additional 5,031 shares.
• Analysts have upgraded EPAM's rating to "buy", with a current average price target of $226.25 and strong recent earnings performance exceeding expectations.
• EPAM reported earnings of $2.77 per share for the last quarter, beating estimates, and projected a FY 2025 EPS guidance of 10.960-11.120.

Martingale Asset Management L P boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 541.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,960 shares of the information technology services provider's stock after purchasing an additional 5,031 shares during the period. Martingale Asset Management L P's holdings in EPAM Systems were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EPAM. Sentry Investment Management LLC acquired a new stake in EPAM Systems in the first quarter valued at $33,000. CX Institutional bought a new stake in shares of EPAM Systems in the 1st quarter worth about $42,000. First Horizon Advisors Inc. raised its stake in shares of 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 valued at $81,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc lifted its position in shares of EPAM Systems by 149.2% during the first 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. Finally, Westpac Banking Corp lifted its position in shares of EPAM Systems by 66.8% during the first quarter. Westpac Banking Corp now owns 844 shares of the information technology services provider's stock worth $143,000 after purchasing an additional 338 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EPAM shares. JPMorgan Chase & Co. decreased their target price on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Piper Sandler boosted their target price on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note 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 on the stock in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Finally, Needham & Company LLC raised their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $226.25.

EPAM Systems Stock Performance

NYSE EPAM traded up $1.16 on Friday, hitting $175.34. The stock had a trading volume of 220,060 shares, compared to its average volume of 749,849. The company's 50-day moving average is $167.72 and its two-hundred day moving average is $176.11. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.52 and a beta of 1.67. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.16. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business's revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 earnings per share. 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, analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems Company 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.