Praxis Investment Management Inc. Makes New $324,000 Investment in EPAM Systems, Inc. $EPAM

Praxis Investment Management Inc. purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,830 shares of the information technology services provider’s stock, valued at approximately $324,000.

Other large investors have also bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in EPAM Systems in the second quarter worth $29,000. Blue Trust Inc. grew its holdings in EPAM Systems by 40.5% in the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock worth $59,000 after purchasing an additional 96 shares during the period. Parallel Advisors LLC grew its holdings in shares of EPAM Systems by 215.5% during the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock valued at $65,000 after buying an additional 250 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of EPAM Systems by 275.0% during the second quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after buying an additional 286 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of EPAM Systems by 82.8% during the second quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock valued at $81,000 after buying an additional 207 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Monday, August 18th. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.06.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $144.63 on Friday. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 2.10 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The firm’s 50-day simple moving average is $158.53 and its two-hundred day simple moving average is $163.99.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

About EPAM Systems

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.