259,546 EPAM Systems, Inc. $EPAM Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its EPAM Systems stake by 88.7%, selling 259,546 shares and retaining 32,996 shares valued at approximately $3.6 million.
• Other institutional investors increased their positions, and hedge funds and other institutions collectively own 91.58% of EPAM’s outstanding stock.
• Analysts have a consensus “Hold” rating with a $116.47 price target, despite EPAM beating quarterly earnings estimates with EPS of $3.38 and reporting 4.6% year-over-year revenue growth.

Assenagon Asset Management S.A. reduced its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 88.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,996 shares of the information technology services provider's stock after selling 259,546 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of EPAM Systems worth $3,575,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of EPAM Systems in the 2nd quarter valued at approximately $526,684,000. Dimensional Fund Advisors LP grew its holdings in EPAM Systems by 25.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider's stock worth $144,789,000 after acquiring an additional 219,388 shares during the period. Bank of America Corp DE grew its holdings in EPAM Systems by 15.9% during the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider's stock worth $84,584,000 after acquiring an additional 85,480 shares during the period. Arrowstreet Capital Limited Partnership raised its position in EPAM Systems by 7.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider's stock worth $47,199,000 after acquiring an additional 25,152 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in EPAM Systems by 26.6% in the first quarter. Bessemer Group Inc. now owns 305,052 shares of the information technology services provider's stock worth $41,305,000 after acquiring an additional 64,078 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on EPAM shares. TD Cowen reduced their target price on EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a report on Friday, August 7th. Weiss Ratings reissued a "sell (d+)" rating on shares of EPAM Systems in a research note on Tuesday, August 4th. Susquehanna lowered their price target on EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a report on Friday, August 7th. Truist Financial dropped their price objective on EPAM Systems from $112.00 to $110.00 and set a "hold" rating for the company in a research note on Friday, August 7th. Finally, Needham & Company LLC reduced their price objective on EPAM Systems from $135.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $116.47.

EPAM Systems Price Performance

EPAM Systems stock opened at $134.00 on Thursday. The stock has a market capitalization of $6.91 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.36 and a beta of 1.39. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The firm's 50-day moving average is $113.61 and its two-hundred day moving average is $105.31.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.22. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. EPAM Systems's revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.77 earnings per share. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Equities analysts predict that EPAM Systems, Inc. will post 10.47 earnings per share for the current year.

EPAM Systems Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.

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