Cinctive Capital Management LP Sells 20,146 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Cinctive Capital Management LP significantly reduced its holdings in EPAM Systems, Inc. by 88.8%, ending the first quarter with only 2,552 shares valued at $431,000.
• Other institutional investors also made moves, with Mirae Asset Global Investments increasing its stake by 18.1% and SG Americas Securities boosting theirs by 518.9%.
• EPAM Systems reported earnings per share of $2.77 for the quarter, surpassing analysts' expectations of $2.61, and projected fiscal year 2025 earnings guidance between $10.960-11.120 EPS.

Cinctive Capital Management LP lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 88.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,552 shares of the information technology services provider's stock after selling 20,146 shares during the quarter. Cinctive Capital Management LP's holdings in EPAM Systems were worth $431,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of EPAM Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after acquiring an additional 1,112 shares during the period. SG Americas Securities LLC raised its stake in EPAM Systems by 518.9% during the first quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after purchasing an additional 5,827 shares during the period. Liontrust Investment Partners LLP acquired a new position in shares of EPAM Systems in the 1st quarter valued at $6,486,000. CX Institutional purchased a new stake in shares of EPAM Systems during the 1st quarter valued at $42,000. Finally, Fifth Third Bancorp grew its stake in shares of EPAM Systems by 6.1% during the 1st 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 during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research report on Thursday, July 17th. They issued a "hold" rating and a $171.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a report on Monday, August 18th. Wall Street Zen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded up $2.24 on Thursday, reaching $155.34. 349,095 shares of the company were exchanged, compared to its average volume of 756,813. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.40 and a beta of 1.66. The company's 50-day moving average is $166.92 and its two-hundred day moving average is $170.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

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 the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company 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 company's revenue for the quarter was up 18.0% compared to the same quarter last year. 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, research analysts expect 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.