Amundi Has $28.14 Million Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Amundi has sold 40,779 shares of EPAM Systems, reducing its ownership by 18.4% to approximately 180,889 shares, valued at around $28 million.
• EPAM Systems reported strong quarterly earnings with $2.77 earnings per share, surpassing analysts' expectations, and has projected FY 2025 EPS guidance between 10.960 and 11.120.
• The majority of EPAM's stock, approximately 91.58%, is now owned by institutional investors, with several hedge funds increasing their stakes significantly in recent months.

Amundi decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 180,889 shares of the information technology services provider's stock after selling 40,779 shares during the quarter. Amundi owned approximately 0.32% of EPAM Systems worth $28,137,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sentry Investment Management LLC bought a new position in EPAM Systems in the 1st quarter valued at $33,000. CX Institutional bought a new position in EPAM Systems in the 1st quarter valued at $42,000. First Horizon Advisors Inc. raised its position in 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 valued at $81,000 after purchasing an additional 213 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in 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 valued at $109,000 after purchasing an additional 517 shares during the last quarter. Finally, IFP Advisors Inc raised its position in EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Down 1.5%

Shares of EPAM Systems stock traded down $2.34 during trading on Friday, reaching $155.52. 183,589 shares of the company were exchanged, compared to its average volume of 759,515. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The business has a 50-day moving average price of $166.42 and a 200-day moving average price of $170.53. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 22.18, a P/E/G ratio of 2.22 and a beta of 1.66.

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 EPS for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. The firm'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. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EPAM. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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. Morgan Stanley lowered their target price on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research note on Tuesday. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Finally, 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 research note on Wednesday, August 20th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.