Vident Advisory LLC Buys 2,147 Shares of 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 boosted its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 165.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,446 shares of the information technology services provider's stock after buying an additional 2,147 shares during the quarter. Vident Advisory LLC's holdings in EPAM Systems were worth $582,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Invesco Ltd. boosted its stake 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 in the last quarter. Ameriprise Financial Inc. boosted its position in shares of EPAM Systems by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider's stock valued at $383,267,000 after purchasing an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of EPAM Systems by 98.8% in the 1st 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 purchasing an additional 809,423 shares during the period. Ninety One UK Ltd acquired a new position in shares of EPAM Systems in the 1st quarter valued at $186,280,000. Finally, Northern Trust Corp boosted its position in shares of EPAM Systems by 5.6% in the 1st quarter. Northern Trust Corp now owns 559,283 shares of the information technology services provider's stock valued at $94,429,000 after purchasing an additional 29,668 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Down 1.0%

Shares of EPAM traded down $1.59 during midday trading on Friday, reaching $156.26. 546,345 shares of the stock were exchanged, compared to its average volume of 811,644. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a 50 day simple moving average of $165.89 and a 200-day simple moving average of $170.15. 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 cap of $8.70 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.29 and a beta of 1.66.

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 earnings per share 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business earned $2.45 EPS. The business's quarterly 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. Research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent analyst reports. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. JPMorgan Chase & Co. decreased their price target on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. TD Cowen raised 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. Finally, Morgan Stanley reduced their price objective on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research note on Tuesday. 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.com, 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.