EPAM Systems, Inc. $EPAM Shares Sold by Acadian Asset Management LLC

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 cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 62.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

A number of other large investors have also recently made changes to their positions in EPAM. Invesco Ltd. boosted its holdings in EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after purchasing an additional 965,089 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in EPAM Systems by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider's stock valued at $383,267,000 after purchasing an additional 89,418 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock valued at $274,923,000 after purchasing an additional 809,423 shares during the last quarter. Ninety One UK Ltd purchased a new stake in EPAM Systems in the first quarter valued at $186,280,000. Finally, Alyeska Investment Group L.P. boosted its holdings in EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock valued at $123,232,000 after purchasing an additional 699,877 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

Shares of EPAM traded up $0.01 during mid-day trading on Friday, hitting $155.88. 1,733,518 shares of the company were exchanged, compared to its average volume of 803,517. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The company has a 50 day moving average of $163.51 and a 200-day moving average of $168.43. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.27 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The company'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. Analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.