Lombard Odier Asset Management Europe Ltd Takes $11.98 Million Position in EPAM Systems, Inc. $EPAM

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the fourth quarter, HoldingsChannel reports. The fund acquired 58,460 shares of the information technology services provider’s stock, valued at approximately $11,977,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in EPAM Systems in the fourth quarter valued at approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $1,611,000 after buying an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in EPAM Systems by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after purchasing an additional 117,170 shares during the last quarter. United Services Automobile Association purchased a new stake in EPAM Systems in the 1st quarter valued at $229,000. Finally, Empowered Funds LLC raised its stake 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 worth $381,000 after purchasing an additional 1,291 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of EPAM opened at $93.42 on Wednesday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.85 and a beta of 1.41. The firm’s fifty day simple moving average is $108.96 and its 200-day simple moving average is $154.83. EPAM Systems, Inc. has a twelve month low of $89.25 and a twelve month high of $222.53. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $2.41 earnings per share. EPAM Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho upped their price objective on EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Truist Financial decreased their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Wedbush assumed coverage on EPAM Systems in a report on Monday. They issued a “neutral” rating and a $99.00 price objective on the stock. Finally, Guggenheim decreased their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, EPAM Systems presently has an average rating of “Hold” and an average target price of $148.21.

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.