Lombard Odier Asset Management Europe Ltd Has $1.56 Million Holdings in EPAM Systems, Inc. $EPAM

Lombard Odier Asset Management Europe Ltd trimmed its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 80.3% in the 1st quarter, Holdings Channel reports. The fund owned 11,500 shares of the information technology services provider’s stock after selling 46,960 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in EPAM Systems were worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in EPAM Systems by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after purchasing an additional 13,768 shares during the period. B. Metzler seel. Sohn & Co. AG increased its holdings in EPAM Systems by 289.9% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 12,861 shares during the period. Aikya Investment Management Ltd raised its stake in shares of EPAM Systems by 8.4% in the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after buying an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of EPAM Systems by 14.6% during the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after acquiring an additional 54,075 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in shares of EPAM Systems by 429.1% during the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock worth $2,294,000 after acquiring an additional 9,080 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EPAM. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from $130.00 to $110.00 in a research note on Friday, May 29th. 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. Wells Fargo & Company lowered their price objective on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Wedbush started coverage on EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 target price for the company. Finally, Truist Financial cut their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $134.36.

EPAM Systems Stock Performance

NYSE EPAM opened at $89.94 on Monday. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.85 and a beta of 1.43. The company has a 50 day moving average of $90.89 and a 200-day moving average of $131.12. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53.

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

EPAM Systems Company 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.