Raymond James Financial Inc. Boosts Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Raymond James Financial Inc. increased its holdings in EPAM Systems, Inc. by 19.3% in Q1, owning approximately 0.25% of the company valued at about $24 million.
• Several institutional investors, including Ninety One UK Ltd. and Invesco Ltd., have significantly boosted their stakes in EPAM, indicating strong institutional interest in the company.
• EPAM Systems reported a strong earnings performance in Q2, with earnings per share of $2.77, exceeding expectations and showing an 18.0% increase in year-over-year revenue.

Raymond James Financial Inc. raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 19.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,477 shares of the information technology services provider's stock after buying an additional 23,084 shares during the period. Raymond James Financial Inc. owned about 0.25% of EPAM Systems worth $24,056,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPAM. Ninety One UK Ltd purchased a new stake in EPAM Systems during the first quarter valued at about $186,280,000. Invesco Ltd. boosted its position in EPAM Systems by 37.1% during the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after buying an additional 965,089 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of EPAM Systems by 98.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock valued at $274,923,000 after acquiring an additional 809,423 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after purchasing an additional 620,551 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of EPAM Systems by 719.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 370,191 shares of the information technology services provider's stock worth $86,558,000 after purchasing an additional 325,003 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPAM. JPMorgan Chase & Co. dropped 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. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Barclays increased their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. 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 for the company. Finally, Guggenheim increased their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $226.25.

EPAM Systems Price Performance

EPAM stock opened at $172.3320 on Tuesday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a market cap of $9.60 billion, a P/E ratio of 24.58, a PEG ratio of 2.54 and a beta of 1.67. The firm has a 50-day moving average of $167.32 and a 200 day moving average of $176.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17.

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 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 during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm earned $2.45 earnings per share. The business's revenue for the quarter 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, sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 EPS 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.

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