Acadian Asset Management LLC Cuts Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Acadian Asset Management LLC significantly reduced its holdings in EPAM Systems, cutting its position by 62.1% in the first quarter, leaving it with 24,899 shares valued at $4.2 million.
• Several other large investors have made moves in EPAM Systems, including Sentry Investment Management LLC and Kayne Anderson Rudnick Investment Management LLC, indicating a shift in institutional interest.
• EPAM Systems posted better-than-expected earnings, reporting $2.77 per share which exceeded analyst estimates of $2.61, and had a revenue of $1.35 billion for the quarter.

Acadian Asset Management LLC reduced its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 62.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,899 shares of the information technology services provider's stock after selling 40,828 shares during the quarter. Acadian Asset Management LLC's holdings in EPAM Systems were worth $4,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Sentry Investment Management LLC purchased a new position in shares of EPAM Systems in the 1st quarter worth $33,000. CX Institutional purchased a new position in shares of EPAM Systems in the 1st quarter worth $42,000. First Horizon Advisors Inc. raised its position in shares of EPAM Systems by 79.5% in the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after buying an additional 213 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of EPAM Systems by 397.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock worth $109,000 after buying an additional 517 shares during the period. Finally, IFP Advisors Inc raised its position in shares of EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after buying an additional 470 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

NYSE:EPAM opened at $156.26 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a 50-day moving average of $165.89 and a two-hundred day moving average of $169.58. The stock has a market cap of $8.70 billion, a P/E ratio of 22.29, a PEG ratio of 2.27 and a beta of 1.66. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the prior year, the company posted $2.45 EPS. The firm's revenue for the quarter was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on EPAM. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Morgan Stanley lowered their price target on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Finally, TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $224.06.

About EPAM Systems

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.

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