Pacer Advisors Inc. Acquires 176,067 Shares of EPAM Systems, Inc. $EPAM

Pacer Advisors Inc. boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 3,852.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,637 shares of the information technology services provider’s stock after buying an additional 176,067 shares during the quarter. Pacer Advisors Inc.’s holdings in EPAM Systems were worth $24,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in EPAM Systems by 33.5% during the first quarter. NewEdge Advisors LLC now owns 29,332 shares of the information technology services provider’s stock worth $3,972,000 after acquiring an additional 7,367 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of EPAM Systems in the 1st quarter valued at approximately $831,000. Bank of America Corp DE boosted its stake in shares of EPAM Systems by 15.9% in the 1st quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock valued at $84,584,000 after purchasing an additional 85,480 shares in the last quarter. Bull Harbor Capital LLC acquired a new stake in shares of EPAM Systems in the 1st quarter valued at approximately $232,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of EPAM Systems by 611.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 569 shares of the information technology services provider’s stock valued at $77,000 after purchasing an additional 489 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $107.05 on Tuesday. The business has a 50 day moving average of $90.99 and a 200-day moving average of $126.38. The company has a market capitalization of $5.59 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.00 and a beta of 1.39. EPAM Systems, Inc. has a 1 year low of $73.06 and a 1 year high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67.

EPAM Systems (NYSE:EPAM) last posted its 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. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $2.41 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EPAM. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Morgan Stanley set a $112.00 target price on shares of EPAM Systems in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a report on Friday, July 10th. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from $130.00 to $110.00 in a research note on Friday, May 29th. Finally, Wedbush began coverage on EPAM Systems in a report on Monday, June 15th. They set a “neutral” rating and a $99.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.