Lombard Odier Asset Management Europe Ltd Trims Stock Position in EPAM Systems, Inc. $EPAM

Lombard Odier Asset Management Europe Ltd trimmed its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 80.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of EPAM Systems during the fourth quarter worth $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after buying an additional 3,880 shares during the period. Goldman Sachs Group Inc. raised its position in EPAM Systems by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after buying an additional 117,170 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of EPAM Systems in the 1st quarter worth $229,000. Finally, Empowered Funds LLC lifted its stake in shares of EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock worth $381,000 after acquiring an additional 1,291 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

NYSE:EPAM opened at $107.05 on Tuesday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The stock has a market cap of $5.59 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.00 and a beta of 1.39. The firm’s fifty day simple moving average is $90.99 and its 200-day simple moving average is $126.38.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPAM. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a research note on Friday, May 8th. Guggenheim reduced their price objective on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Truist Financial lowered 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. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Finally, Susquehanna cut their target price 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. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $133.50.

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.