Segall Bryant & Hamill LLC Invests $831,000 in EPAM Systems, Inc. $EPAM

Segall Bryant & Hamill LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,851 shares of the information technology services provider’s stock, valued at approximately $831,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its stake in shares of EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after buying an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems during the second quarter valued at approximately $27,000. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems during the second quarter valued at approximately $30,000. Sound Income Strategies LLC lifted its holdings in EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 109 shares during the period. Finally, 1248 Management LLC bought a new stake in EPAM Systems during the fourth quarter worth $32,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EPAM. Susquehanna reduced their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. Truist Financial lowered their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Citigroup cut their price target on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group lowered shares of EPAM Systems from a “buy” rating to a “hold” rating and reduced their price target for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Finally, Needham & Company LLC decreased their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $132.64.

EPAM Systems Stock Performance

NYSE EPAM opened at $109.44 on Thursday. The firm has a market cap of $5.72 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $91.39 and its 200-day moving average is $124.86. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data 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 company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $2.41 EPS. EPAM Systems’s revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

About EPAM Systems

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.