AQR Capital Management LLC Has $17.17 Million Position in EPAM Systems, Inc. $EPAM

Key Points

• AQR Capital Management LLC reduced its stake in EPAM Systems, Inc. by 59.6%, resulting in ownership of approximately 103,990 shares valued at $17.17 million at the end of the first quarter.
• The latest earnings report showed that EPAM Systems achieved $2.77 EPS for the quarter, exceeding expectations and marking an 18% year-over-year revenue increase.
• Current research ratings for EPAM Systems indicate a consensus of Moderate Buy with an average target price of $224.06.

AQR Capital Management LLC lessened its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 59.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,990 shares of the information technology services provider's stock after selling 153,390 shares during the period. AQR Capital Management LLC owned about 0.18% of EPAM Systems worth $17,174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its position in shares of EPAM Systems by 37.1% in the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after acquiring an additional 965,089 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of EPAM Systems by 4.1% during 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 buying an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of EPAM Systems by 98.8% during the 1st 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 bought a new stake in shares of EPAM Systems during the 1st quarter worth about $186,280,000. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of EPAM Systems by 2,332.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider's stock worth $123,232,000 after buying an additional 699,877 shares during the period. Institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

EPAM has been the subject of several research analyst reports. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a report on Monday, August 18th. Morgan Stanley reduced their target price on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 target price for the company. Wall Street Zen downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. reduced their target price on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $224.06.

EPAM Systems Stock Performance

EPAM Systems stock traded down $1.55 during midday trading on Monday, hitting $154.54. The company's stock had a trading volume of 604,152 shares, compared to its average volume of 794,970. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The company has a 50-day moving average price of $165.38 and a two-hundred day moving average price of $169.22. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.27 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business's revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.