Baird Financial Group Inc. Reduces Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Baird Financial Group Inc. reduced its stock holdings in EPAM Systems by 18.3%, owning 205,141 shares worth approximately $34.6 million after selling 45,805 shares during the first quarter.
• Analysts' price targets for EPAM Systems varied, with adjustments including a reduction from $205.00 to $201.00 by JPMorgan and a raise from $185.00 to $215.00 by Needham & Company, indicating mixed sentiments about the company's stock.
• EPAM Systems reported earnings of $2.77 EPS for the recent quarter, surpassing analyst estimates, and had a year-over-year revenue increase of 18% to $1.35 billion.

Baird Financial Group Inc. lowered its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,141 shares of the information technology services provider's stock after selling 45,805 shares during the quarter. Baird Financial Group Inc. owned 0.36% of EPAM Systems worth $34,636,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of EPAM Systems by 3.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider's stock valued at $434,000 after buying an additional 80 shares in the last quarter. Fifth Third Bancorp increased its position in shares of EPAM Systems by 6.1% in the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after buying an additional 91 shares in the last quarter. Empirical Finance LLC increased its position in shares of EPAM Systems by 7.1% in the first quarter. Empirical Finance LLC now owns 1,457 shares of the information technology services provider's stock valued at $246,000 after buying an additional 96 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of EPAM Systems by 1.4% in the first quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock valued at $1,216,000 after buying an additional 97 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of EPAM Systems by 2.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,363 shares of the information technology services provider's stock valued at $737,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on EPAM shares. JPMorgan Chase & Co. dropped 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. Morgan Stanley dropped their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Needham & Company LLC lifted their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Guggenheim lifted their price objective on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft started 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. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $226.25.

EPAM Systems Stock Up 1.4%

Shares of NYSE:EPAM opened at $176.64 on Monday. The stock's 50-day moving average price is $167.99 and its two-hundred day moving average price is $174.24. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.56 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued 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. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $2.45 EPS. The firm's quarterly revenue was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current 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.

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