EPAM Systems, Inc. $EPAM Shares Acquired by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC significantly increased its stake in EPAM Systems, Inc. by over 5,000%, acquiring an additional 9,641 shares, bringing its total holdings to 9,832 shares valued at approximately $1.66 million.
• Several hedge funds, including Ninety One UK Ltd, Invesco Ltd., and Alyeska Investment Group L.P., have also increased their investments in EPAM Systems, leading to institutional ownership of 91.58% of the stock.
• In the latest earnings report, EPAM Systems beat expectations with $2.77 earnings per share and revenues of $1.35 billion, reflecting an 18% year-over-year growth.

NewEdge Advisors LLC raised its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 5,047.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,832 shares of the information technology services provider's stock after buying an additional 9,641 shares during the period. NewEdge Advisors LLC's holdings in EPAM Systems were worth $1,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in EPAM. Sentry Investment Management LLC purchased a new stake in EPAM Systems in the 1st quarter valued at about $33,000. CX Institutional purchased a new stake in EPAM Systems in the 1st quarter valued at about $42,000. First Horizon Advisors Inc. boosted its position in 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 buying an additional 213 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in EPAM Systems by 397.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock valued at $109,000 after buying an additional 517 shares during the period. Finally, IFP Advisors Inc boosted its position in EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after buying an additional 470 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPAM has been the subject of several research reports. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Monday, August 18th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Morgan Stanley lowered their price target on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $224.06.

EPAM Systems Stock Up 1.6%

EPAM traded up $2.43 during trading on Thursday, hitting $155.89. The stock had a trading volume of 744,678 shares, compared to its average volume of 791,250. The company has a market capitalization of $8.68 billion, a PE ratio of 22.24, a PEG ratio of 2.23 and a beta of 1.66. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a 50 day simple moving average of $163.80 and a two-hundred day simple moving average of $168.72.

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