UniSuper Management Pty Ltd lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,651 shares of the information technology services provider's stock after buying an additional 2,019 shares during the quarter. UniSuper Management Pty Ltd's holdings in EPAM Systems were worth $2,980,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Sentry Investment Management LLC acquired a new position in shares of EPAM Systems in the 1st quarter valued at $33,000. CX Institutional acquired a new position in shares of EPAM Systems in the 1st quarter valued at $42,000. First Horizon Advisors Inc. increased its holdings in shares of EPAM Systems by 79.5% in the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock valued at $81,000 after acquiring an additional 213 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of EPAM Systems by 397.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock valued at $109,000 after acquiring an additional 517 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after acquiring an additional 470 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.
EPAM Systems Price Performance
EPAM stock traded down $2.31 during trading on Monday, hitting $153.79. The company had a trading volume of 94,561 shares, compared to its average volume of 757,801. The company has a fifty day moving average price of $165.89 and a two-hundred day moving average price of $169.58. 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 company has a market cap of $8.57 billion, a P/E ratio of 21.97, a P/E/G ratio of 2.27 and a beta of 1.66. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced 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. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.EPAM Systems's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter 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. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price 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. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective for the company. Wall Street Zen downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $224.06.
Read Our Latest Stock Report on EPAM Systems
About EPAM Systems
(
Free Report)
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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