Delta Global Management LP Takes $839,000 Position in EPAM Systems, Inc. $EPAM

Delta Global Management LP purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) during the first quarter, HoldingsChannel reports. The firm purchased 6,193 shares of the information technology services provider’s stock, valued at approximately $839,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bradley Foster & Sargent Inc. CT lifted its holdings in EPAM Systems by 4.7% during the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider’s stock valued at $381,000 after buying an additional 126 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in EPAM Systems by 59.3% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,477 shares of the information technology services provider’s stock worth $471,000 after acquiring an additional 1,294 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in EPAM Systems by 4.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 17,011 shares of the information technology services provider’s stock worth $2,303,000 after acquiring an additional 800 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of EPAM Systems by 7.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock worth $47,199,000 after acquiring an additional 25,152 shares during the period. Finally, Gibbs Wealth Management increased its position in shares of EPAM Systems by 229.2% during the first quarter. Gibbs Wealth Management now owns 15,307 shares of the information technology services provider’s stock worth $2,073,000 after acquiring an additional 10,657 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

NYSE EPAM opened at $89.94 on Monday. The company has a market cap of $4.70 billion, a PE ratio of 12.90, a P/E/G ratio of 0.85 and a beta of 1.43. The firm’s 50 day moving average price is $90.89 and its 200-day moving average price is $131.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems, Inc. has a 52-week low of $73.06 and a 52-week high of $222.53.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. EPAM Systems’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 earnings per share. Sell-side analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on EPAM shares. TD Cowen lowered their price target on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a report on Friday, May 8th. Guggenheim lowered their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. Wedbush began coverage on EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, Susquehanna cut their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research note on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $134.36.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.