William Blair Investment Management LLC Acquires 145,411 Shares of EPAM Systems, Inc. $EPAM

Key Points

• William Blair Investment Management LLC increased its stake in EPAM Systems by 20.9%, now owning 841,922 shares valued at $148.87 million.
• Major institutional investors, including Invesco Ltd and Massachusetts Financial Services, have also significantly increased their holdings, indicating strong institutional interest in EPAM Systems.
• Analysts have mixed opinions on EPAM's stock, with a consensus rating of "Moderate Buy" and an average target price of $224.06, despite recent price reductions by firms like Morgan Stanley and Weiss Ratings.

William Blair Investment Management LLC increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 20.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 841,922 shares of the information technology services provider's stock after purchasing an additional 145,411 shares during the period. William Blair Investment Management LLC owned approximately 1.49% of EPAM Systems worth $148,869,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in shares of EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock worth $602,674,000 after buying an additional 965,089 shares during the period. Ameriprise Financial Inc. grew its stake 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 buying an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA increased its position in 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 buying an additional 809,423 shares in the last quarter. Ninety One UK Ltd acquired a new position in EPAM Systems during the 1st quarter worth approximately $186,280,000. Finally, Alyeska Investment Group L.P. boosted its holdings in EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock worth $123,232,000 after acquiring an additional 699,877 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on EPAM shares. Morgan Stanley decreased their price objective on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. Weiss Ratings reissued a "sell (d+)" rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective on the stock. Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Thirteen equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $224.06.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $144.63 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a 50-day moving average of $158.53 and a 200-day moving average of $164.02. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a market cap of $8.06 billion, a P/E ratio of 20.63, a P/E/G ratio of 2.06 and a beta of 1.65.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data 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 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 period in the prior year, the firm posted $2.45 EPS. The firm'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. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems 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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