Natixis Has $10.72 Million Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Natixis lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 32.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 38,802 shares of the information technology services provider’s stock after buying an additional 9,505 shares during the period. Natixis’ holdings in EPAM Systems were worth $10,716,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EPAM. CANADA LIFE ASSURANCE Co grew its stake in EPAM Systems by 1.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 35,994 shares of the information technology services provider’s stock worth $9,942,000 after buying an additional 362 shares in the last quarter. Bessemer Group Inc. grew its stake in EPAM Systems by 604.5% during the first quarter. Bessemer Group Inc. now owns 14,612 shares of the information technology services provider’s stock worth $4,036,000 after buying an additional 12,538 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in EPAM Systems by 46.9% during the first quarter. UniSuper Management Pty Ltd now owns 10,350 shares of the information technology services provider’s stock worth $2,858,000 after buying an additional 3,302 shares in the last quarter. Seven Eight Capital LP grew its stake in EPAM Systems by 311.0% during the first quarter. Seven Eight Capital LP now owns 9,445 shares of the information technology services provider’s stock worth $2,608,000 after buying an additional 7,147 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in EPAM Systems by 238.1% during the first quarter. Acadian Asset Management LLC now owns 399 shares of the information technology services provider’s stock worth $109,000 after buying an additional 281 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EPAM shares. Jefferies Financial Group upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and increased their price objective for the stock from $202.00 to $237.00 in a research note on Tuesday, July 16th. Piper Sandler dropped their target price on shares of EPAM Systems from $252.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, June 13th. Needham & Company LLC dropped their target price on shares of EPAM Systems from $350.00 to $210.00 and set a “buy” rating for the company in a report on Friday, May 10th. HSBC dropped their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Finally, Morgan Stanley raised shares of EPAM Systems from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $236.00 to $225.00 in a report on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus target price of $270.28.

EPAM Systems Trading Up 1.0 %

NYSE:EPAM traded up $2.09 on Thursday, reaching $207.13. 359,153 shares of the stock traded hands, compared to its average volume of 639,736. The firm has a market capitalization of $12.01 billion, a price-to-earnings ratio of 28.34, a price-to-earnings-growth ratio of 4.79 and a beta of 1.45. The company’s 50 day moving average is $186.45 and its 200-day moving average is $244.52. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. Equities research analysts anticipate that EPAM Systems, Inc. will post 7.81 EPS for the current fiscal 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.