MBB Public Markets I LLC Buys New Shares in EPAM Systems, Inc. $EPAM

Key Points

• MBB Public Markets I LLC invested approximately $308,000 in EPAM Systems, Inc. by acquiring 1,823 shares during the first quarter.
• Analysts have upgraded EPAM's stock, with multiple firms changing their ratings from "hold" to "buy" and establishing a consensus target price of $224.06.
• EPAM reported a quarterly earnings per share (EPS) of $2.77, exceeding analyst expectations and marking an 18.0% year-over-year revenue increase.

MBB Public Markets I LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,823 shares of the information technology services provider's stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of EPAM Systems by 3.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider's stock worth $434,000 after purchasing an additional 80 shares during the period. Fifth Third Bancorp raised its holdings in shares of 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 worth $265,000 after purchasing an additional 91 shares during the period. Empirical Finance LLC raised its holdings in shares of EPAM Systems by 7.1% in the 1st quarter. Empirical Finance LLC now owns 1,457 shares of the information technology services provider's stock worth $246,000 after purchasing an additional 96 shares during the period. Yousif Capital Management LLC raised its holdings in shares of EPAM Systems by 1.4% in the 1st quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock worth $1,216,000 after purchasing an additional 97 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of EPAM Systems by 2.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,363 shares of the information technology services provider's stock worth $737,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

Shares of EPAM stock traded down $1.05 on Tuesday, reaching $153.50. The company's stock had a trading volume of 178,177 shares, compared to its average volume of 757,392. 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, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a market capitalization of $8.55 billion, a P/E ratio of 21.88, a PEG ratio of 2.27 and a beta of 1.66. The stock's 50 day simple moving average is $165.38 and its 200-day simple moving average is $169.22.

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 analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $2.45 earnings per share. The firm's revenue 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. As a group, equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EPAM shares. 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 on the stock. JPMorgan Chase & Co. lowered their target price 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. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Finally, Morgan Stanley dropped their target price on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 9th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and an average price target of $224.06.

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.