Norris Perne & French LLP MI Sells 125 Shares of EPAM Systems, Inc. $EPAM

Norris Perne & French LLP MI lessened its position in EPAM Systems, Inc. (NYSE:EPAM) by 0.1% in the second quarter, HoldingsChannel.com reports. The fund owned 117,214 shares of the information technology services provider’s stock after selling 125 shares during the period. EPAM Systems comprises about 1.4% of Norris Perne & French LLP MI’s portfolio, making the stock its 26th biggest holding. Norris Perne & French LLP MI’s holdings in EPAM Systems were worth $20,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sentry Investment Management LLC bought a new position in shares of EPAM Systems in the 1st quarter valued at about $33,000. CX Institutional acquired a new stake in shares of EPAM Systems during the first quarter worth $42,000. Parallel Advisors LLC lifted its holdings in shares of EPAM Systems by 215.5% during the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock worth $65,000 after buying an additional 250 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of EPAM Systems by 275.0% during the second quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock worth $69,000 after buying an additional 286 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of EPAM Systems by 79.5% during the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock worth $81,000 after buying an additional 213 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a “hold” rating and a $171.00 price target for the company. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Cowen raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Finally, Morgan Stanley dropped their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.06.

EPAM Systems Stock Performance

EPAM Systems stock opened at $151.73 on Monday. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $162.35 and its two-hundred day moving average price is $166.74. The stock has a market cap of $8.45 billion, a PE ratio of 21.64, a P/E/G ratio of 2.21 and a beta of 1.66.

EPAM Systems (NYSE:EPAM) last released its 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. 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 analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. The business’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, analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.