ASR Vermogensbeheer N.V. Sells 1,683 Shares of EPAM Systems, Inc. $EPAM

Key Points

• ASR Vermogensbeheer N.V. reduced its stake in EPAM Systems by 28.2%, selling 1,683 shares, leaving it with 4,284 shares valued at approximately $758,000.
• Multiple hedge funds, including Sound Income Strategies and Sentry Investment Management, have recently acquired stakes in EPAM Systems, indicating growing institutional interest in the company.
• EPAM Systems reported earnings of $2.77 per share for the last quarter, surpassing expectations, with a revenue of $1.35 billion, an 18% year-over-year growth.

ASR Vermogensbeheer N.V. lessened its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 28.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,284 shares of the information technology services provider's stock after selling 1,683 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in EPAM Systems were worth $758,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of EPAM Systems in the 2nd quarter worth approximately $29,000. Sentry Investment Management LLC bought a new stake in shares of EPAM Systems in the 1st quarter worth approximately $33,000. CX Institutional bought a new stake in shares of EPAM Systems in the 1st quarter worth approximately $42,000. Parallel Advisors LLC raised its holdings in shares of EPAM Systems by 215.5% in the 2nd quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider's stock worth $65,000 after purchasing an additional 250 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of EPAM Systems by 275.0% in the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider's stock worth $69,000 after purchasing an additional 286 shares during the period. Institutional investors own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in 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 research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a research note on Saturday, September 27th. JPMorgan Chase & Co. reduced their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, EPAM Systems has a consensus rating of "Moderate Buy" and an average target price of $224.06.

EPAM Systems Stock Up 0.9%

EPAM opened at $154.13 on Friday. The company has a fifty day moving average price of $160.72 and a 200-day moving average price of $165.80. The firm has a market capitalization of $8.59 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.24 and a beta of 1.65. 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.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates 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 for the quarter was up 18.0% on a year-over-year basis. During the same period in the previous 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. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal 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.

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