Nuveen LLC Acquires Shares of 151,594 EPAM Systems, Inc. $EPAM

Nuveen LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 151,594 shares of the information technology services provider's stock, valued at approximately $25,595,000. Nuveen LLC owned approximately 0.27% of EPAM Systems at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Brighton Jones LLC bought a new stake in EPAM Systems during the 4th quarter valued at $218,000. Mariner LLC increased its stake in EPAM Systems by 26.7% during the 4th quarter. Mariner LLC now owns 2,848 shares of the information technology services provider's stock valued at $666,000 after purchasing an additional 600 shares in the last quarter. Guggenheim Capital LLC increased its stake in EPAM Systems by 4.1% during the 4th quarter. Guggenheim Capital LLC now owns 3,982 shares of the information technology services provider's stock valued at $931,000 after purchasing an additional 157 shares in the last quarter. Farringdon Capital Ltd. bought a new stake in EPAM Systems during the 4th quarter valued at $220,000. Finally, Canada Pension Plan Investment Board increased its stake in EPAM Systems by 33.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 21,200 shares of the information technology services provider's stock valued at $4,957,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Analysts Set New Price Targets

EPAM has been the subject of several recent analyst reports. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Monday. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday. 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 research note on Friday, May 2nd. Morgan Stanley reduced their target price on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Finally, Guggenheim upped their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $226.25.

EPAM Systems Stock Performance

Shares of NYSE:EPAM traded up $10.91 during midday trading on Friday, reaching $177.31. The company had a trading volume of 230,891 shares, compared to its average volume of 746,978. The company's 50 day moving average price is $167.23 and its 200 day moving average price is $179.09. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.88 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.42 and a beta of 1.67. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion for 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%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. 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, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal 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.