Park Avenue Securities LLC Purchases New Stake in EPAM Systems, Inc. $EPAM

Park Avenue Securities LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,155 shares of the information technology services provider’s stock, valued at approximately $381,000.

Several other hedge funds also recently bought and sold shares of EPAM. Ninety One UK Ltd acquired a new position in EPAM Systems in the 1st quarter worth about $186,280,000. Invesco Ltd. boosted its stake in shares of 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 worth $602,674,000 after acquiring an additional 965,089 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 98.8% during 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 acquiring an additional 809,423 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of EPAM Systems by 2,332.9% during 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 acquiring an additional 699,877 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of EPAM Systems by 16,784.0% during the 1st quarter. GAMMA Investing LLC now owns 198,218 shares of the information technology services provider’s stock worth $33,467,000 after acquiring an additional 197,044 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

EPAM stock opened at $150.65 on Wednesday. The business’s 50-day moving average price is $161.76 and its two-hundred day moving average price is $166.43. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.39 billion, a PE ratio of 21.49, a P/E/G ratio of 2.25 and a beta of 1.66. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $2.45 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. 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, research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

EPAM has been the subject of several recent analyst reports. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research note on Thursday, July 17th. They set a “hold” rating and a $171.00 target price for the company. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. reduced their price objective on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Finally, Morgan Stanley dropped their target price on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. Thirteen research 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $224.06.

EPAM Systems Company Profile

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.