Cinctive Capital Management LP Has $431,000 Stake in 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 reduced its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 88.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,552 shares of the information technology services provider's stock after selling 20,146 shares during the period. 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 and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at about $218,000. Mercer Global Advisors Inc. ADV acquired a new stake in EPAM Systems in the 4th quarter valued at approximately $325,000. Aptus Capital Advisors LLC bought a new position in EPAM Systems in the 4th quarter worth approximately $273,000. BNP Paribas Financial Markets lifted its holdings in shares of EPAM Systems by 63.5% during the fourth quarter. BNP Paribas Financial Markets now owns 143,187 shares of the information technology services provider's stock worth $33,480,000 after buying an additional 55,618 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $33,663,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

EPAM stock traded up $0.60 during trading on Tuesday, hitting $165.05. The company had a trading volume of 675,716 shares, compared to its average volume of 753,188. The company has a fifty day moving average price of $167.73 and a two-hundred day moving average price of $171.04. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a market cap of $9.19 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.46 and a beta of 1.66. 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 (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data 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. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business earned $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. Equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EPAM shares. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They set a "hold" rating and a $171.00 target price for the company. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Barclays boosted their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Monday, August 18th. Finally, JPMorgan Chase & Co. lowered their price objective on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Thirteen equities 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, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus price target of $224.06.

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.