Bridge City Capital LLC Makes New $6.30 Million Investment in EPAM Systems, Inc. $EPAM

Bridge City Capital LLC purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,756 shares of the information technology services provider’s stock, valued at approximately $6,301,000. EPAM Systems comprises approximately 1.9% of Bridge City Capital LLC’s investment portfolio, making the stock its 12th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in EPAM Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after purchasing an additional 29,763 shares during the last quarter. Capital World Investors increased its holdings in shares of EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after buying an additional 596,760 shares during the period. Boston Partners purchased a new position in shares of EPAM Systems in the fourth quarter worth about $349,428,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of EPAM Systems by 56.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after buying an additional 416,324 shares during the period. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 3.0%

Shares of NYSE:EPAM opened at $95.50 on Friday. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53. The stock’s 50-day moving average is $110.76 and its 200 day moving average is $156.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market cap of $4.99 billion, a PE ratio of 13.70, a P/E/G ratio of 0.88 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $2.41 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on EPAM. Susquehanna decreased their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a report on Monday, May 4th. Truist Financial decreased their price objective on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Guggenheim decreased their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Mizuho lifted their price objective on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, Wells Fargo & Company decreased their price objective on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $152.00.

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.