BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Boosts Stock Position in EPAM Systems, Inc. $EPAM

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 309,006 shares of the information technology services provider’s stock after acquiring an additional 26,646 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.54% of EPAM Systems worth $52,173,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems during the first quarter worth $33,000. CX Institutional purchased a new stake in shares of EPAM Systems during the first quarter worth $42,000. First Horizon Advisors Inc. raised its position in shares of EPAM Systems by 79.5% in the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock worth $81,000 after buying an additional 213 shares in the last quarter. IFP Advisors Inc raised its position in shares of EPAM Systems by 149.2% in the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider’s stock worth $133,000 after buying an additional 470 shares in the last quarter. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of EPAM Systems in the fourth quarter worth $196,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EPAM shares. Needham & Company LLC increased their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Guggenheim increased their price objective on EPAM Systems from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Barclays increased their price objective on EPAM Systems from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Monday, May 12th. Morgan Stanley lowered their price objective on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. Finally, Piper Sandler increased their price objective on EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $226.25.

EPAM Systems Stock Up 5.0%

Shares of NYSE:EPAM opened at $174.7080 on Friday. The stock’s 50-day moving average price is $167.32 and its 200-day moving average price is $178.54. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The stock has a market capitalization of $9.73 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.42 and a beta of 1.67. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

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

EPAM Systems Profile

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.