BNP Paribas Financial Markets Increases Stake in EPAM Systems, Inc. $EPAM

BNP Paribas Financial Markets increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 12.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,424 shares of the information technology services provider’s stock after buying an additional 13,136 shares during the period. BNP Paribas Financial Markets’ holdings in EPAM Systems were worth $23,648,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in EPAM. Brighton Jones LLC bought a new stake in EPAM Systems during the fourth quarter valued at about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in EPAM Systems by 68.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 purchasing an additional 117,170 shares in the last quarter. United Services Automobile Association bought a new stake in EPAM Systems during the first quarter valued at about $229,000. Finally, Empowered Funds LLC boosted its position in EPAM Systems by 134.1% during the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 1,291 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $98.23 on Friday. 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 company has a market cap of $5.13 billion, a PE ratio of 14.09, a P/E/G ratio of 0.90 and a beta of 1.41. The business has a 50-day simple moving average of $114.84 and a two-hundred day simple moving average of $159.28. EPAM Systems, Inc. has a fifty-two week low of $89.25 and a fifty-two week high of $222.53.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $2.41 earnings per share. As a group, equities analysts expect that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of recent research reports. Guggenheim dropped their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Citigroup reaffirmed a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Wells Fargo & Company dropped their price objective on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $152.00.

EPAM Systems Company 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.