BNP Paribas Financial Markets Grows Stock Position in EPAM Systems, Inc. $EPAM

BNP Paribas Financial Markets boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,424 shares of the information technology services provider’s stock after buying an additional 13,136 shares during the period. BNP Paribas Financial Markets owned approximately 0.21% of EPAM Systems worth $23,648,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in EPAM Systems during the 4th quarter valued at $147,870,000. Eurizon Capital SGR S.p.A. purchased a new stake in EPAM Systems during the 4th quarter valued at $111,000. Rothschild Investment LLC raised its holdings in EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 54 shares during the period. Foundations Investment Advisors LLC increased its stake in EPAM Systems by 15.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,105 shares of the information technology services provider’s stock worth $636,000 after purchasing an additional 411 shares during the period. Finally, Baker Avenue Asset Management LP purchased a new stake in EPAM Systems in the fourth quarter worth $555,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on EPAM shares. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $130.00 to $110.00 in a research note on Friday, May 29th. Mizuho increased their target price on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Guggenheim reduced their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, Truist Financial reduced their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $152.00.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $98.23 on Friday. The firm has a market cap of $5.13 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.90 and a beta of 1.41. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a 12 month low of $89.25 and a 12 month high of $222.53. The stock’s fifty day moving average price is $114.84 and its 200-day moving average price is $159.28.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 earnings per share. On average, equities research analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

EPAM Systems Company Profile

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.