Clear Creek Financial Management LLC Grows Stake in EPAM Systems, Inc. $EPAM

Clear Creek Financial Management LLC grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 67.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,165 shares of the information technology services provider’s stock after buying an additional 869 shares during the quarter. Clear Creek Financial Management LLC’s holdings in EPAM Systems were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of 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 purchasing an additional 965,089 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of 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 purchasing an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of 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 purchasing an additional 809,423 shares during the period. Ninety One UK Ltd purchased a new position in shares of EPAM Systems in the 1st quarter valued at approximately $186,280,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of 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. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EPAM. Morgan Stanley lowered their target price on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Cowen raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 target price for the company. Finally, TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Monday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.06.

EPAM Systems Stock Performance

Shares of EPAM opened at $142.61 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The firm has a market capitalization of $7.94 billion, a P/E ratio of 20.34, a PEG ratio of 2.07 and a beta of 1.65. The business has a fifty day moving average of $159.44 and a 200 day moving average of $164.85.

EPAM Systems (NYSE:EPAM) last issued 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. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. EPAM Systems’s revenue 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. As a group, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems Company 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.