EPAM Systems, Inc. $EPAM Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 96,341.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,897 shares of the information technology services provider’s stock after buying an additional 29,866 shares during the period. Fulcrum Asset Management LLP’s holdings in EPAM Systems were worth $3,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of EPAM. Financial Management Professionals Inc. lifted its stake in shares of EPAM Systems by 47.3% in the third quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider’s stock worth $29,000 after buying an additional 86 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its position in EPAM Systems by 4.7% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider’s stock worth $381,000 after acquiring an additional 126 shares during the last quarter. Pinnacle Wealth Planning Services Inc. grew its stake in EPAM Systems by 14.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,169 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 146 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in EPAM Systems by 236.2% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 232 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 163 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in EPAM Systems by 31.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 708 shares of the information technology services provider’s stock valued at $77,000 after acquiring an additional 169 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Down 1.9%

NYSE EPAM opened at $156.32 on Tuesday. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $122.69 and its 200-day simple moving average is $121.11. The firm has a market cap of $8.06 billion, a PE ratio of 19.54, a P/E/G ratio of 1.43 and a beta of 1.28.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.10. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company posted $3.08 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that EPAM Systems, Inc. will post 10.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on EPAM shares. Susquehanna increased their price objective on shares of EPAM Systems from $146.00 to $190.00 and gave the company a “positive” rating in a report on Friday. Stifel Nicolaus set a $135.00 target price on EPAM Systems in a report on Thursday, August 6th. Wedbush boosted their target price on EPAM Systems from $99.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday. William Blair lowered EPAM Systems from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. Finally, Mizuho set a $130.00 price target on EPAM Systems in a report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $143.73.

About EPAM Systems

EPAM Systems is a global provider of software engineering, digital transformation and consulting services. The company helps businesses design, build and maintain software products and digital platforms, and offers services in areas such as cloud computing, data and artificial intelligence, and cybersecurity.

Founded in 1993 by Arkadiy Dobkin, EPAM has grown from a software development firm into a technology services company serving clients across the Americas, Europe and Asia-Pacific.