EPAM Systems, Inc. $EPAM Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 82.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,326 shares of the information technology services provider’s stock after acquiring an additional 17,737 shares during the period. Lazard Asset Management LLC’s holdings in EPAM Systems were worth $5,325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in EPAM Systems by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after purchasing an additional 51 shares in the last quarter. Rothschild Investment LLC boosted its holdings in EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. Horizon Investments LLC boosted its holdings in EPAM Systems by 6.4% in the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in EPAM Systems by 4.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock worth $322,000 after purchasing an additional 67 shares during the period. Finally, Perpetual Ltd increased its position in EPAM Systems by 2.5% during the 4th quarter. Perpetual Ltd now owns 2,897 shares of the information technology services provider’s stock worth $594,000 after purchasing an additional 72 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Down 2.8%

Shares of EPAM Systems stock opened at $103.93 on Friday. The company has a 50-day moving average of $90.84 and a two-hundred day moving average of $127.86. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-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. The stock has a market cap of $5.43 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates 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 in the previous year, the company earned $2.41 EPS. On average, research analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reduced their price target on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Truist Financial dropped their price objective on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Wells Fargo & Company cut their price objective on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and reduced their target price for the company from $215.00 to $110.00 in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $133.50.

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.