Ardsley Advisory Partners LP Takes Position in EPAM Systems, Inc. $EPAM

Ardsley Advisory Partners LP acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,000 shares of the information technology services provider’s stock, valued at approximately $1,434,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after acquiring an additional 3,880 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of EPAM Systems by 53.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after acquiring an additional 117,170 shares during the period. United Services Automobile Association purchased a new position in EPAM Systems in the 1st quarter valued at $229,000. Finally, Empowered Funds LLC grew its position in EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after buying an additional 1,291 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $87.70 on Thursday. The stock has a market cap of $4.58 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.86 and a beta of 1.41. 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 50 day moving average of $107.97 and a 200-day moving average of $154.15. EPAM Systems, Inc. has a 52 week low of $87.36 and a 52 week high of $222.53.

EPAM Systems (NYSE:EPAM) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion during 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.41 EPS. On average, analysts expect that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EPAM shares. Mizuho lifted their price objective on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Susquehanna cut their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. Wedbush began coverage on shares of EPAM Systems in a research note on Monday. They issued a “neutral” rating and a $99.00 target price for the company. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and decreased their target price for the stock from $130.00 to $110.00 in a report on Friday, May 29th. Finally, Needham & Company LLC decreased their target price on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $148.21.

About EPAM Systems

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.