Otter Creek Advisors LLC Invests $2.54 Million in EPAM Systems, Inc. $EPAM

Key Points

• Otter Creek Advisors LLC has invested approximately $2.54 million in EPAM Systems by acquiring 14,350 shares during the second quarter.
• EPAM Systems' stock has seen substantial interest from hedge funds, with institutional investors currently holding 91.58% of the shares.
• Recent earnings reports show EPAM Systems exceeding analysts' expectations with a net margin of 7.91% and revenue up 18.0% year-over-year.

Otter Creek Advisors LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,350 shares of the information technology services provider's stock, valued at approximately $2,537,000.

A number of other hedge funds have also recently made changes to their positions in EPAM. Ninety One UK Ltd bought a new position in shares of EPAM Systems in the first quarter worth about $186,280,000. Invesco Ltd. grew its holdings in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock worth $602,674,000 after purchasing an additional 965,089 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock worth $274,923,000 after purchasing an additional 809,423 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock worth $123,232,000 after purchasing an additional 699,877 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in shares of EPAM Systems in the first quarter worth about $31,332,000. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 9th. Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a report on Wednesday, October 8th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. dropped 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $224.06.

EPAM Systems Stock Up 1.7%

NYSE:EPAM opened at $144.63 on Friday. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The stock has a market capitalization of $8.06 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.06 and a beta of 1.65. 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 company's 50-day simple moving average is $158.53 and its 200-day simple moving average is $164.02.

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 earnings per share 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business earned $2.45 EPS. The company'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. On average, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share 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.

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