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

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock worth $602,674,000 after buying an additional 965,089 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of EPAM Systems by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider's stock worth $383,267,000 after acquiring an additional 89,418 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of 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 worth $274,923,000 after buying an additional 809,423 shares during the period. Ninety One UK Ltd acquired a new stake in EPAM Systems during the first quarter valued at $186,280,000. Finally, Northern Trust Corp lifted its position in shares of EPAM Systems by 5.6% in the first quarter. Northern Trust Corp now owns 559,283 shares of the information technology services provider's stock worth $94,429,000 after buying an additional 29,668 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

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

EPAM Systems Stock Up 0.4%

Shares of EPAM stock traded up $0.60 on Tuesday, reaching $165.05. 675,716 shares of the company were exchanged, compared to its average volume of 724,909. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.39 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a 50-day moving average of $167.45 and a 200-day moving average of $171.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS 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 for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the firm earned $2.45 EPS. The company's quarterly 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. Analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.