Northern Trust Corp Acquires 29,668 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Northern Trust Corp increased its stake in EPAM Systems by 5.6%, owning 559,283 shares valued at approximately $94.43 million as of the end of Q1.
• EPAM Systems reported $2.77 EPS for the latest quarter, surpassing analysts' expectations and achieving a revenue of $1.35 billion, up 18% year-over-year.
• Several financial institutions, including Raymond James and Aberdeen Group, have recently upgraded their positions in EPAM, reflecting strong institutional interest with 91.58% of the stock owned by institutional investors.

Northern Trust Corp boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 5.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 559,283 shares of the information technology services provider's stock after purchasing an additional 29,668 shares during the quarter. Northern Trust Corp owned 0.98% of EPAM Systems worth $94,429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of EPAM Systems by 18.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock valued at $1,224,000 after buying an additional 1,112 shares during the period. SG Americas Securities LLC boosted its holdings in shares of EPAM Systems by 518.9% in the first quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock valued at $1,173,000 after buying an additional 5,827 shares during the period. Liontrust Investment Partners LLP acquired a new position in shares of EPAM Systems in the first quarter valued at approximately $6,486,000. CX Institutional acquired a new position in EPAM Systems during the first quarter worth $42,000. Finally, Fifth Third Bancorp boosted its holdings in EPAM Systems by 6.1% during the first 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 last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several recent research reports. Wall Street Zen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Stifel Nicolaus reduced their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. JPMorgan Chase & Co. reduced their target price on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, Morgan Stanley dropped their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $226.25.

EPAM Systems Stock Performance

Shares of EPAM traded up $2.46 during trading hours on Friday, hitting $176.64. The company had a trading volume of 492,182 shares, compared to its average volume of 904,128. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.53 and a beta of 1.67. The business has a fifty day moving average of $167.99 and a 200-day moving average of $175.51. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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 released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $2.45 earnings per share. EPAM Systems's revenue for the quarter 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. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems 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.