BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in EPAM Systems, Inc. $EPAM

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 455.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,482 shares of the information technology services provider’s stock after purchasing an additional 22,534 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in EPAM Systems were worth $3,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPAM. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 1.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after acquiring an additional 13,768 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of EPAM Systems by 289.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock worth $3,544,000 after purchasing an additional 12,861 shares during the period. Aikya Investment Management Ltd grew its holdings in EPAM Systems by 8.4% during the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after purchasing an additional 58,977 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in EPAM Systems by 14.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after purchasing an additional 54,075 shares during the last quarter. Finally, Merit Financial Group LLC raised its position in EPAM Systems by 429.1% in the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock worth $2,294,000 after purchasing an additional 9,080 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EPAM shares. Guggenheim decreased their price objective on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Wedbush began coverage on EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price target on the stock. 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 note on Monday, May 4th. Finally, Morgan Stanley set a $112.00 price objective on EPAM Systems in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, EPAM Systems presently has an average rating of “Hold” and a consensus target price of $148.21.

EPAM Systems Trading Down 1.0%

Shares of EPAM opened at $75.87 on Tuesday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.70 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53. The company has a 50-day moving average of $104.79 and a 200 day moving average of $151.74.

EPAM Systems (NYSE:EPAM) last issued its 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. The business had revenue of $1.40 billion for 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%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. On average, research analysts expect that EPAM Systems, Inc. will post 10.42 EPS for the current year.

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.