Capital Fund Management S.A. Trims Position in EPAM Systems, Inc. $EPAM

Key Points

• Capital Fund Management S.A. has decreased its stake in EPAM Systems, Inc. by 27.5%, selling 12,191 shares during the first quarter, reducing its total holdings to approximately 32,134 shares valued at $5.4 million.
• Analysts have a consensus rating of Moderate Buy for EPAM, with thirteen analysts rating it as a Buy and four as a Hold, alongside a revised average target price of $226.25.
• EPAM reported an EPS of $2.77, exceeding analysts’ expectations, and its revenue of $1.35 billion for the quarter also surpassed predictions, highlighting an 18% growth year-over-year.

Capital Fund Management S.A. lowered its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 27.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,134 shares of the information technology services provider's stock after selling 12,191 shares during the quarter. Capital Fund Management S.A. owned approximately 0.06% of EPAM Systems worth $5,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in EPAM. Sentry Investment Management LLC bought a new position in EPAM Systems in the 1st quarter worth about $33,000. CX Institutional bought a new position in EPAM Systems in the 1st quarter worth about $42,000. First Horizon Advisors Inc. boosted its stake 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 worth $81,000 after purchasing an additional 213 shares during the period. IFP Advisors Inc grew its holdings in shares of EPAM Systems by 149.2% during the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after purchasing an additional 470 shares in the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of EPAM Systems by 66.8% during the first quarter. Westpac Banking Corp now owns 844 shares of the information technology services provider's stock worth $143,000 after purchasing an additional 338 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 2.1%

EPAM stock traded up $3.61 during midday trading on Wednesday, hitting $173.89. The company had a trading volume of 349,835 shares, compared to its average volume of 749,096. 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 52 week low of $138.15 and a 52 week high of $269.00. The stock's 50 day moving average price is $167.36 and its 200 day moving average price is $176.72. The stock has a market cap of $9.69 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.50 and a beta of 1.67.

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 for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. The business's 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. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus cut their price objective on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Scotiabank cut their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective for the company. Finally, Barclays boosted their target price on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $226.25.

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.