Amundi Sells 40,779 Shares of 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 shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,889 shares of the information technology services provider's stock after selling 40,779 shares during the quarter. Amundi owned 0.32% of EPAM Systems worth $28,137,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EPAM. Sentry Investment Management LLC bought a new stake in shares of EPAM Systems during the first quarter worth about $33,000. CX Institutional bought a new position in EPAM Systems in the 1st quarter valued at approximately $42,000. First Horizon Advisors Inc. raised its holdings 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 buying an additional 213 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 buying an additional 517 shares during the last quarter. Finally, IFP Advisors Inc raised its holdings 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 buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Trading Up 0.4%

Shares of EPAM Systems stock traded up $0.60 on Tuesday, reaching $165.05. 675,716 shares of the company's stock were exchanged, compared to its average volume of 724,909. The company has a market capitalization of $9.19 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.66. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The firm's 50-day moving average is $167.45 and its two-hundred day moving average is $171.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly 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 firm 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 revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on EPAM shares. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Monday, August 18th. Barclays raised their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. lowered their price objective on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective for the company. Finally, Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.