Vident Advisory LLC Has $582,000 Position in EPAM Systems, Inc. $EPAM

Key Points

• Vident Advisory LLC increased its holdings in EPAM Systems, Inc. by 165.3%, acquiring an additional 2,147 shares during Q1, bringing its total to 3,446 shares valued at approximately $582,000.
• Analysts have a generally positive outlook on EPAM Systems, with an average rating of "Moderate Buy" and a consensus target price of $226.25.
• EPAM Systems reported $1.35 billion in revenue for Q2, exceeding estimates and demonstrating an 18% year-over-year growth, alongside earnings of $2.77 per share.

Vident Advisory LLC lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 165.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,446 shares of the information technology services provider's stock after purchasing an additional 2,147 shares during the period. Vident Advisory LLC's holdings in EPAM Systems were worth $582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in EPAM Systems by 3.2% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider's stock worth $434,000 after purchasing an additional 80 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after buying an additional 91 shares during the last quarter. Empirical Finance LLC increased its position in shares of EPAM Systems by 7.1% during the first quarter. Empirical Finance LLC now owns 1,457 shares of the information technology services provider's stock worth $246,000 after purchasing an additional 96 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of EPAM Systems by 1.4% during the first quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock worth $1,216,000 after purchasing an additional 97 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of EPAM Systems by 2.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,363 shares of the information technology services provider's stock worth $737,000 after buying an additional 102 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.4%

Shares of NYSE EPAM traded up $0.60 during trading on Tuesday, reaching $165.05. 675,716 shares of the stock were exchanged, compared to its average volume of 724,909. The business's 50-day moving average price is $167.45 and its 200 day moving average price is $171.00. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its 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. The firm 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 revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 earnings per share. 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, equities analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EPAM shares. Wall Street Zen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lowered their price target on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 price target for the company. Finally, Morgan Stanley dropped their price target on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $224.06.

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.