Royce & Associates LP Invests $11.09 Million in EPAM Systems, Inc. $EPAM

Royce & Associates LP bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, HoldingsChannel reports. The fund bought 54,147 shares of the information technology services provider’s stock, valued at approximately $11,094,000.

A number of other hedge funds have also modified their holdings of EPAM. Vanguard Group Inc. lifted its holdings in shares of EPAM Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after purchasing an additional 29,763 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of EPAM Systems by 28.9% during the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after purchasing an additional 596,760 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 purchasing an additional 13,768 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of EPAM Systems by 19.4% during the third quarter. Dimensional Fund Advisors LP now owns 774,685 shares of the information technology services provider’s stock worth $116,829,000 after purchasing an additional 125,853 shares during the period. Finally, Aikya Investment Management Ltd lifted its holdings in shares of EPAM Systems by 8.4% during the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after purchasing an additional 58,977 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

EPAM Systems stock opened at $101.79 on Thursday. EPAM Systems, Inc. has a one year low of $89.25 and a one year high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The business has a fifty day moving average of $119.55 and a two-hundred day moving average of $162.99. The company has a market cap of $5.32 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating 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 company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $2.41 earnings per share. EPAM Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, analysts predict that EPAM Systems, Inc. will post 10.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EPAM. Morgan Stanley set a $112.00 price target on EPAM Systems in a report on Friday, May 8th. TD Cowen decreased their price target on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Wells Fargo & Company decreased their price target on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, Needham & Company LLC decreased their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $155.50.

EPAM Systems 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.