Royce & Associates LP Makes New $11.09 Million Investment in EPAM Systems, Inc. $EPAM

Royce & Associates LP bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,147 shares of the information technology services provider’s stock, valued at approximately $11,094,000. Royce & Associates LP owned 0.10% of EPAM Systems at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp purchased a new position in EPAM Systems during the third quarter worth about $1,384,000. Van Berkom & Associates Inc. boosted its stake in EPAM Systems by 4,413.0% during the third quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider’s stock worth $55,707,000 after buying an additional 361,249 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 1.3% during the fourth 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 buying an additional 13,768 shares during the period. Allianz Asset Management GmbH boosted its stake in EPAM Systems by 39.4% during the third quarter. Allianz Asset Management GmbH now owns 43,851 shares of the information technology services provider’s stock worth $6,612,000 after buying an additional 12,396 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its stake in EPAM Systems by 289.9% during the fourth 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 buying an additional 12,861 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $101.79 on Thursday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.92 and a beta of 1.45. EPAM Systems, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm’s 50 day moving average is $119.55 and its two-hundred day moving average is $162.99.

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 company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.41 earnings per share. Research analysts forecast that EPAM Systems, Inc. will post 10.41 EPS for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Mizuho increased their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a research report on Friday, May 8th. Citigroup reduced their price target on shares of EPAM Systems from $145.00 to $112.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Finally, Guggenheim reduced their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $155.50.

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.