58,460 Shares in EPAM Systems, Inc. $EPAM Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 58,460 shares of the information technology services provider’s stock, valued at approximately $11,977,000. Lombard Odier Asset Management Europe Ltd owned about 0.11% of EPAM Systems as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EPAM. Massachusetts Financial Services Co. MA lifted its stake in EPAM Systems by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after acquiring an additional 13,768 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in EPAM Systems by 289.9% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after purchasing an additional 12,861 shares during the period. Aikya Investment Management Ltd raised its holdings in EPAM Systems by 8.4% in the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after purchasing an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in shares of EPAM Systems by 14.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after purchasing an additional 54,075 shares during the period. Finally, Merit Financial Group LLC boosted its position in EPAM Systems by 429.1% during the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after acquiring an additional 9,080 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

EPAM has been the topic of a number of research reports. Wedbush assumed coverage on EPAM Systems in a research note on Monday. They issued a “neutral” rating and a $99.00 price target on the stock. Needham & Company LLC lowered their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. JPMorgan Chase & Co. cut their target price on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Truist Financial decreased their price target on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Finally, Wells Fargo & Company dropped their price target on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.21.

EPAM Systems Stock Up 0.8%

Shares of EPAM stock opened at $93.42 on Wednesday. The stock has a market cap of $4.88 billion, a P/E ratio of 13.40, a PEG ratio of 0.85 and a beta of 1.41. EPAM Systems, Inc. has a 52 week low of $89.25 and a 52 week high of $222.53. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $108.96 and its two-hundred day simple moving average is $154.83.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 earnings per share. Analysts predict that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

EPAM Systems 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.