Adage Capital Partners GP L.L.C. Cuts Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in EPAM Systems by 21.1%, selling 11,200 shares in the first quarter, leaving it with 41,800 shares valued at approximately $7.06 million.
• Several large investors have increased their stakes in EPAM, with Invesco Ltd. leading the way by boosting its holdings by 37.1%, now owning over 3.5 million shares valued at $602.67 million.
• EPAM Systems reported earnings of $2.77 per share for the last quarter, exceeding expectations, and set a fiscal year 2025 earnings guidance of $10.960-$11.120 per share.

Adage Capital Partners GP L.L.C. reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 41,800 shares of the information technology services provider's stock after selling 11,200 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.07% of EPAM Systems worth $7,058,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of EPAM Systems in the 4th quarter worth about $218,000. Mercer Global Advisors Inc. ADV purchased a new stake in EPAM Systems in the fourth quarter worth approximately $325,000. Deutsche Bank AG boosted its stake in EPAM Systems by 20.0% in the fourth quarter. Deutsche Bank AG now owns 264,102 shares of the information technology services provider's stock worth $61,752,000 after buying an additional 44,074 shares in the last quarter. FORA Capital LLC bought a new position in EPAM Systems during the fourth quarter valued at approximately $340,000. Finally, Focus Partners Wealth purchased a new position in shares of EPAM Systems during the fourth quarter worth approximately $484,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Down 1.0%

Shares of EPAM Systems stock traded down $1.59 during trading on Friday, hitting $156.26. The company's stock had a trading volume of 546,345 shares, compared to its average volume of 811,644. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a market capitalization of $8.70 billion, a PE ratio of 22.29, a P/E/G ratio of 2.29 and a beta of 1.66. The company has a fifty day simple moving average of $165.89 and a two-hundred day simple moving average of $170.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. The business's revenue was up 18.0% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EPAM shares. JPMorgan Chase & Co. cut their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 price target on the stock. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Monday, August 18th. Finally, Morgan Stanley decreased their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems 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.