Bridge City Capital LLC Purchases New Holdings in EPAM Systems, Inc. $EPAM

Bridge City Capital LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,756 shares of the information technology services provider’s stock, valued at approximately $6,301,000. EPAM Systems comprises 1.9% of Bridge City Capital LLC’s portfolio, making the stock its 12th biggest position. Bridge City Capital LLC owned 0.06% of EPAM Systems at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in shares of EPAM Systems by 18.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 323,434 shares of the information technology services provider’s stock valued at $66,265,000 after acquiring an additional 49,778 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $35,000. Kestra Advisory Services LLC purchased a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $74,000. FORA Capital LLC purchased a new stake in shares of EPAM Systems during the fourth quarter valued at approximately $953,000. Finally, Transamerica Financial Advisors LLC increased its position in shares of EPAM Systems by 148.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 278 shares of the information technology services provider’s stock valued at $57,000 after acquiring an additional 166 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on EPAM shares. Susquehanna decreased their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Guggenheim decreased their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Jefferies Financial Group downgraded EPAM Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $110.00 in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $152.00.

EPAM Systems Price Performance

EPAM Systems stock opened at $95.50 on Friday. EPAM Systems, Inc. has a one year low of $89.25 and a one year high of $222.53. The business has a fifty day moving average price of $110.76 and a 200-day moving average price of $156.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a market capitalization of $4.99 billion, a P/E ratio of 13.70, a PEG ratio of 0.88 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results 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. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company earned $2.41 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current 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.