Praxis Investment Management Inc. Takes Position in EPAM Systems, Inc. $EPAM

Praxis Investment Management Inc. purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,830 shares of the information technology services provider’s stock, valued at approximately $324,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EPAM. Sound Income Strategies LLC bought a new stake in shares of EPAM Systems in the second quarter valued at approximately $29,000. Blue Trust Inc. raised its position in shares of EPAM Systems by 40.5% in the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock valued at $59,000 after purchasing an additional 96 shares during the period. Parallel Advisors LLC raised its position in shares of EPAM Systems by 215.5% in the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 250 shares during the period. UMB Bank n.a. raised its position in shares of EPAM Systems by 275.0% in the second quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after purchasing an additional 286 shares during the period. Finally, First Horizon Advisors Inc. raised its position in shares of EPAM Systems by 79.5% in the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 213 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

EPAM stock opened at $144.63 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The stock has a market cap of $8.06 billion, a PE ratio of 20.63, a P/E/G ratio of 2.10 and a beta of 1.65. The firm has a 50 day simple moving average of $158.53 and a two-hundred day simple moving average of $163.99.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $2.45 EPS. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on EPAM. Morgan Stanley lowered their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a “hold” rating and a $171.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.