Czech National Bank Boosts Stock Holdings in EPAM Systems, Inc. $EPAM

Czech National Bank lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 6.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,848 shares of the information technology services provider’s stock after acquiring an additional 821 shares during the quarter. Czech National Bank’s holdings in EPAM Systems were worth $2,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock valued at $602,674,000 after purchasing an additional 965,089 shares during the period. Ameriprise Financial Inc. boosted its stake in EPAM Systems by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock worth $383,267,000 after purchasing an additional 89,418 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in EPAM Systems by 98.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after purchasing an additional 809,423 shares in the last quarter. Ninety One UK Ltd bought a new position in EPAM Systems in the 1st quarter worth about $186,280,000. Finally, Alyeska Investment Group L.P. boosted its stake in EPAM Systems by 2,332.9% in the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock worth $123,232,000 after purchasing an additional 699,877 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a “hold” rating and a $171.00 price objective for the company. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Monday, August 18th. Finally, Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.06.

EPAM Systems Price Performance

Shares of EPAM stock opened at $155.88 on Friday. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.27 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The stock’s 50-day simple moving average is $163.51 and its 200-day simple moving average is $168.43.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.EPAM Systems’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.