EPAM Systems, Inc. $EPAM Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its stake in EPAM Systems, Inc. by 21.2% during Q2, owning approximately 0.47% of the company valued at $47.1 million.
• EPAM Systems beat analyst expectations with a quarterly earnings report, posting an EPS of $2.77 against a consensus estimate of $2.61, while also achieving an 18% year-over-year revenue growth.
• Despite positive earnings, analyst opinions are mixed with firms like Cowen upgrading the stock from "hold" to "buy," while others have adjusted target prices downward.

Assenagon Asset Management S.A. boosted its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 266,367 shares of the information technology services provider's stock after purchasing an additional 46,649 shares during the quarter. Assenagon Asset Management S.A. owned about 0.47% of EPAM Systems worth $47,099,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new position in shares of EPAM Systems in the first quarter worth about $33,000. CX Institutional bought a new position in shares of EPAM Systems in the first quarter valued at approximately $42,000. Parallel Advisors LLC increased its position in EPAM Systems by 215.5% during the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider's stock worth $65,000 after acquiring an additional 250 shares during the period. First Horizon Advisors Inc. increased 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 period. Finally, Kayne Anderson Rudnick Investment Management LLC increased 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 period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley dropped their price objective on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. 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. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Finally, Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $224.06.

EPAM Systems Trading Down 2.1%

Shares of EPAM traded down $3.28 during mid-day trading on Tuesday, reaching $153.15. 452,759 shares of the company's stock traded hands, compared to its average volume of 763,678. The stock has a market cap of $8.53 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.27 and a beta of 1.66. The stock's 50-day moving average is $163.29 and its two-hundred day moving average is $167.71. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month 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.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.16. The company 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%.EPAM Systems's revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.