Petrus Trust Company LTA Has $672,000 Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Petrus Trust Company LTA increased its holdings in EPAM Systems by 258.7% during the first quarter, bringing its total shares to 3,982, valued at approximately $672,000.
• Several other institutional investors also boosted their stakes in EPAM Systems, with SG Americas Securities LLC increasing its position by 518.9% in the same quarter.
• EPAM Systems reported a quarterly earnings per share (EPS) of $2.77, exceeding the consensus estimate of $2.61, alongside revenue growth of 18% compared to the previous year.

Petrus Trust Company LTA grew its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 258.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,982 shares of the information technology services provider's stock after acquiring an additional 2,872 shares during the quarter. Petrus Trust Company LTA's holdings in EPAM Systems were worth $672,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of EPAM Systems in the fourth quarter valued at about $218,000. Mercer Global Advisors Inc. ADV acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $325,000. Aptus Capital Advisors LLC acquired a new stake in shares of EPAM Systems during the fourth quarter valued at about $273,000. BNP Paribas Financial Markets boosted its stake in shares of EPAM Systems by 63.5% during the 4th quarter. BNP Paribas Financial Markets now owns 143,187 shares of the information technology services provider's stock valued at $33,480,000 after buying an additional 55,618 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in EPAM Systems during the 4th quarter worth $33,663,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on EPAM shares. TD Cowen raised EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a report on Monday, August 18th. Wall Street Zen raised EPAM Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley decreased their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 target price on the stock. Finally, Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $224.06.

EPAM Systems Stock Up 3.0%

EPAM Systems stock traded up $4.60 during mid-day trading on Thursday, hitting $157.70. The company's stock had a trading volume of 1,380,047 shares, compared to its average volume of 762,934. The firm's 50 day moving average is $166.92 and its 200 day moving average is $170.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The company has a market cap of $8.78 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.40 and a beta of 1.66. 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 posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate 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 in the previous year, the company posted $2.45 EPS. EPAM Systems's 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. On average, analysts anticipate 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.