Chevy Chase Trust Holdings LLC Has $5.29 Million Holdings in EPAM Systems, Inc. $EPAM

Chevy Chase Trust Holdings LLC boosted its position in EPAM Systems, Inc. (NYSE:EPAM) by 0.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,924 shares of the information technology services provider’s stock after acquiring an additional 177 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in EPAM Systems were worth $5,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. grew its stake in EPAM Systems by 37.1% in the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock valued at $602,674,000 after buying an additional 965,089 shares during the last quarter. Ameriprise Financial Inc. grew its stake in EPAM Systems by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock valued at $383,267,000 after buying an additional 89,418 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in EPAM Systems by 98.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock valued at $274,923,000 after buying an additional 809,423 shares during the last quarter. Ninety One UK Ltd bought a new stake in EPAM Systems in the 1st quarter valued at $186,280,000. Finally, Alyeska Investment Group L.P. boosted its holdings in EPAM Systems by 2,332.9% in the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock valued at $123,232,000 after purchasing an additional 699,877 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on EPAM. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 price target for the company. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Monday, August 18th. Morgan Stanley reduced their price target 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. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and an average target price of $224.06.

EPAM Systems Price Performance

NYSE:EPAM opened at $145.23 on Tuesday. The company has a 50-day moving average of $158.39 and a 200-day moving average of $164.05. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.10 and a beta of 1.65. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. 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 (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $2.45 EPS. 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 research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.