EPAM Systems, Inc. $EPAM Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,763 shares of the information technology services provider’s stock after acquiring an additional 8,934 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of EPAM Systems worth $6,508,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EPAM. Norges Bank acquired a new position in shares of EPAM Systems in the 4th quarter valued at $147,870,000. Ameriprise Financial Inc. boosted its holdings in shares of EPAM Systems by 28.9% in 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 last quarter. Barclays PLC boosted its holdings in shares of EPAM Systems by 504.1% in the 3rd quarter. Barclays PLC now owns 698,613 shares of the information technology services provider’s stock valued at $105,344,000 after purchasing an additional 582,966 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of EPAM Systems by 79.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider’s stock valued at $97,258,000 after purchasing an additional 284,840 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of EPAM Systems by 334.9% in the 3rd quarter. Millennium Management LLC now owns 335,779 shares of the information technology services provider’s stock valued at $50,632,000 after purchasing an additional 258,569 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

NYSE:EPAM opened at $98.23 on Monday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.90 and a beta of 1.41. The firm’s fifty day simple moving average is $114.84 and its 200 day simple moving average is $159.15. EPAM Systems, Inc. has a twelve month low of $89.25 and a twelve month high of $222.53.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business posted $2.41 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities research analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EPAM shares. Mizuho lifted their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th. JPMorgan Chase & Co. reduced their target price on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. TD Cowen reduced their target price on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Jefferies Financial Group lowered shares of EPAM Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $110.00 in a report on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $152.00.

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.