UniSuper Management Pty Ltd Grows Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• UniSuper Management Pty Ltd increased its stake in EPAM Systems, Inc. by 12.9%, owning 17,651 shares worth approximately $2.98 million as of its latest SEC filing.
• Several hedge funds, including Invesco and Massachusetts Financial Services, significantly raised their holdings in EPAM, contributing to institutional investors owning 91.58% of the company's stock.
• EPAM Systems reported earnings of $2.77 per share for the last quarter, exceeding analyst expectations, with a revenue rise of 18% year-over-year.

UniSuper Management Pty Ltd grew its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Sentry Investment Management LLC purchased a new position in EPAM Systems during the first quarter valued at $33,000. CX Institutional purchased a new position in EPAM Systems during the first quarter valued at $42,000. First Horizon Advisors Inc. grew its stake in EPAM Systems by 79.5% during the first 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in EPAM Systems by 397.7% during the first 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 in the last quarter. Finally, IFP Advisors Inc grew its holdings in EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after buying an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Monday, August 18th. JPMorgan Chase & Co. cut their price target on 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. Finally, Morgan Stanley reduced 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. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $224.06.

EPAM Systems Trading Down 1.0%

Shares of EPAM stock traded down $1.59 on Friday, reaching $156.26. 546,345 shares of the company's stock were exchanged, compared to its average volume of 811,644. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. 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 capitalization of $8.70 billion, a PE ratio of 22.29, a P/E/G ratio of 2.29 and a beta of 1.66. The company's fifty day simple moving average is $165.89 and its 200 day simple moving average is $170.15.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $2.45 EPS. EPAM Systems's quarterly 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. As a group, analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

About EPAM Systems

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.