Ardsley Advisory Partners LP Acquires Shares of 7,000 EPAM Systems, Inc. $EPAM

Ardsley Advisory Partners LP acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,000 shares of the information technology services provider’s stock, valued at approximately $1,434,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of EPAM Systems by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after acquiring an additional 29,763 shares during the last quarter. Capital World Investors increased its position in EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after purchasing an additional 1,371,557 shares during the period. Ameriprise Financial Inc. increased its position in EPAM Systems by 28.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after purchasing an additional 596,760 shares during the period. Boston Partners purchased a new position in EPAM Systems during the 4th quarter valued at about $349,428,000. Finally, JPMorgan Chase & Co. grew its position in shares of EPAM Systems by 56.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after buying an additional 416,324 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 6.0%

Shares of EPAM opened at $87.70 on Thursday. EPAM Systems, Inc. has a 12-month low of $87.36 and a 12-month high of $222.53. The firm has a market capitalization of $4.58 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.86 and a beta of 1.41. The firm has a 50-day moving average price of $107.97 and a 200 day moving average price of $154.15. 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 (NYSE:EPAM) last released its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $2.41 earnings per share. EPAM Systems’s revenue was up 7.6% compared to the same quarter last year. Sell-side analysts forecast that EPAM Systems, Inc. will post 10.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley set a $112.00 price objective on shares of EPAM Systems in a research report on Friday, May 8th. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Susquehanna decreased their price objective on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. Truist Financial decreased their target price on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, TD Cowen decreased their target price on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Hold” and a consensus price target of $148.21.

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.