EPAM Systems, Inc. $EPAM Holdings Decreased by Alight Capital Management LP

Key Points

• Alight Capital Management LP reduced its stake in EPAM Systems by 80%, selling 40,000 shares to hold 10,000 shares valued at approximately $1.69 million.
• Several large investors, including Invesco Ltd. and Alyeska Investment Group L.P., increased their holdings in EPAM Systems during the first quarter, indicating growing institutional interest.
• EPAM Systems achieved earnings of $2.77 per share for the quarter, exceeding expectations, and reported a 18% revenue increase year-over-year, setting a fiscal year guidance of 10.960-11.120 EPS.

Alight Capital Management LP lowered its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 80.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the information technology services provider's stock after selling 40,000 shares during the period. Alight Capital Management LP's holdings in EPAM Systems were worth $1,688,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC bought a new stake in EPAM Systems during the 1st quarter valued at $33,000. CX Institutional bought a new stake in EPAM Systems during the 1st quarter valued at $42,000. First Horizon Advisors Inc. raised its stake in EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock valued at $81,000 after acquiring an additional 213 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock valued at $109,000 after acquiring an additional 517 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after acquiring an additional 470 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

Shares of NYSE EPAM traded up $1.23 during mid-day trading on Friday, reaching $169.32. The company had a trading volume of 947,316 shares, compared to its average volume of 710,923. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The stock has a market cap of $9.43 billion, a PE ratio of 24.15, a P/E/G ratio of 2.46 and a beta of 1.66. The company has a 50-day moving average price of $167.99 and a two-hundred day moving average price of $171.73. 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 issued its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 EPS. 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, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on EPAM shares. JPMorgan Chase & Co. cut their target price on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Barclays lifted their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft started 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. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $226.25.

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.