Segall Bryant & Hamill LLC Takes Position in EPAM Systems, Inc. $EPAM

Segall Bryant & Hamill LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,851 shares of the information technology services provider’s stock, valued at approximately $831,000.

A number of other large investors also recently modified their holdings of EPAM. Boston Partners purchased a new position in EPAM Systems during the fourth quarter valued at approximately $349,428,000. Capital World Investors boosted its holdings in EPAM Systems by 59.4% in 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. Norges Bank bought a new position in EPAM Systems in the 4th quarter valued at $147,870,000. Price T Rowe Associates Inc. MD grew its position in shares of EPAM Systems by 849.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock valued at $160,649,000 after purchasing an additional 701,500 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of EPAM Systems by 56.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after purchasing an additional 416,324 shares during the period. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $109.44 on Thursday. The stock’s 50-day moving average is $91.39 and its 200 day moving average is $124.86. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.06 and a beta of 1.39. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53. 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 issued its earnings results 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. The business had revenue of $1.40 billion during 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%.EPAM Systems’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.41 earnings per share. On average, sell-side analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EPAM shares. Morgan Stanley dropped their price objective on EPAM Systems from $112.00 to $100.00 and set an “equal weight” rating for the company in a research note on Tuesday. Guggenheim lowered their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Susquehanna dropped 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 lowered EPAM Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $132.64.

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.