Delta Global Management LP Makes New $839,000 Investment in EPAM Systems, Inc. $EPAM

Delta Global Management LP purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,193 shares of the information technology services provider’s stock, valued at approximately $839,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after acquiring an additional 117,170 shares during the period. United Services Automobile Association bought a new stake in EPAM Systems during the first quarter valued at about $229,000. Finally, Empowered Funds LLC lifted its position in shares of EPAM Systems by 134.1% in the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 1,291 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Price Performance

EPAM stock opened at $89.94 on Monday. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The firm has a market capitalization of $4.70 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The company has a fifty day simple moving average of $90.89 and a two-hundred day simple moving average of $131.12. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share 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 the consensus estimate of $1.39 billion. During the same period in the previous year, the firm posted $2.41 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts anticipate that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of recent analyst reports. TD Cowen dropped their price objective on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Citigroup reissued a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Wedbush began coverage on EPAM Systems in a research note on Monday, June 15th. They issued a “neutral” rating and a $99.00 price target for the company. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $215.00 to $110.00 in a research note on Friday, May 8th. Finally, Wells Fargo & Company cut their price objective on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Hold” and an average price target of $134.36.

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.