MBB Public Markets I LLC Invests $308,000 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 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,823 shares of the information technology services provider's stock, valued at approximately $308,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sentry Investment Management LLC acquired a new position in shares of EPAM Systems during the first quarter worth approximately $33,000. CX Institutional acquired a new position in shares of EPAM Systems during the first quarter worth approximately $42,000. First Horizon Advisors Inc. lifted its position in shares of EPAM Systems by 79.5% during the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after purchasing an additional 213 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of EPAM Systems by 397.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock worth $109,000 after purchasing an additional 517 shares in the last quarter. Finally, 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 in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPAM. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. dropped 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. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. TD Cowen upgraded 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, Morgan Stanley lowered their target price on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research note on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems Stock Performance

Shares of EPAM opened at $152.91 on Thursday. The firm has a 50-day moving average of $166.92 and a 200-day moving average of $170.87. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a market cap of $8.52 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.40 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $2.45 EPS. The company's quarterly revenue was up 18.0% on a year-over-year basis. 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 forecast 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.

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