Cambiar Investors LLC Lowers Position in EPAM Systems, Inc. $EPAM

Key Points

• Cambiar Investors LLC has reduced its stake in EPAM Systems by 18.1%, holding 37,724 shares worth approximately $6.37 million as of the latest reporting period.
• The company's earnings report highlighted a year-over-year revenue increase of 18%, with an EPS of $2.77, surpassing analysts' expectations.
• EPAM Systems currently has a consensus rating of "Moderate Buy" with a target price average of $231.73, reflecting positive sentiment from analysts despite a recent price adjustment.

Cambiar Investors LLC cut its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,724 shares of the information technology services provider's stock after selling 8,315 shares during the quarter. Cambiar Investors LLC owned about 0.07% of EPAM Systems worth $6,369,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EPAM. Brighton Jones LLC bought a new position in EPAM Systems in the 4th quarter worth $218,000. Mariner LLC raised its holdings in EPAM Systems by 26.7% in the 4th quarter. Mariner LLC now owns 2,848 shares of the information technology services provider's stock worth $666,000 after purchasing an additional 600 shares in the last quarter. Guggenheim Capital LLC raised its holdings in EPAM Systems by 4.1% in the 4th quarter. Guggenheim Capital LLC now owns 3,982 shares of the information technology services provider's stock worth $931,000 after purchasing an additional 157 shares in the last quarter. Farringdon Capital Ltd. bought a new position in EPAM Systems in the 4th quarter worth $220,000. Finally, Canada Pension Plan Investment Board increased its stake in shares of EPAM Systems by 33.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 21,200 shares of the information technology services provider's stock worth $4,957,000 after acquiring an additional 5,300 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Down 0.6%

NYSE:EPAM traded down $0.9610 on Wednesday, reaching $166.5690. 742,860 shares of the stock traded hands, compared to its average volume of 752,114. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.38 and a beta of 1.67. 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 company's fifty day simple moving average is $167.62 and its 200 day simple moving average is $179.81.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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 analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC increased their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. decreased their price target 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Finally, Guggenheim increased their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average target price of $226.25.

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.