Corient Private Wealth LP Reduces Stake in EPAM Systems, Inc. $EPAM

Key Points

• Corient Private Wealth LP reduced its EPAM Systems stake by 84.8% in the second quarter, selling 88,474 shares and retaining 15,853 shares valued at approximately $1.26 million. Institutional investors and hedge funds collectively own 91.58% of EPAM.
• EPAM reported quarterly earnings of $3.38 per share, beating the $3.16 consensus estimate, while revenue rose 4.6% year over year to $1.41 billion.
• Analyst sentiment remains mixed, with six Buy ratings, ten Holds and one Sell; the stock carries a consensus “Hold” rating and an average price target of $116.47 versus its recent price of $108.35.

Corient Private Wealth LP cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 84.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,853 shares of the information technology services provider's stock after selling 88,474 shares during the period. Corient Private Wealth LP's holdings in EPAM Systems were worth $1,258,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its stake in EPAM Systems by 7.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider's stock valued at $47,199,000 after acquiring an additional 25,152 shares during the last quarter. Bank Hapoalim BM acquired a new position in shares of EPAM Systems during the 2nd quarter worth about $1,491,000. Bank of America Corp DE raised its holdings in shares of EPAM Systems by 15.9% in the 1st quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider's stock valued at $84,584,000 after purchasing an additional 85,480 shares during the period. Lazard Asset Management LLC raised its holdings in shares of EPAM Systems by 82.2% in the 1st quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider's stock valued at $5,325,000 after purchasing an additional 17,737 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in EPAM Systems in the 2nd quarter valued at about $9,315,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Trading Up 1.3%

Shares of EPAM Systems stock opened at $108.35 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.10 and a beta of 1.38. The firm's 50-day moving average price is $107.43 and its two-hundred day moving average price is $108.23.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. On average, analysts forecast that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on EPAM. Truist Financial lowered their price target on EPAM Systems from $112.00 to $110.00 and set a "hold" rating on the stock in a research report on Friday, August 7th. Morgan Stanley set a $97.00 target price on EPAM Systems in a research note on Friday, August 7th. Susquehanna decreased their target price on EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a report on Friday, August 7th. Mizuho set a $130.00 price target on EPAM Systems in a research note on Monday, August 10th. Finally, Wells Fargo & Company cut their price target on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, July 10th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, EPAM Systems has a consensus rating of "Hold" and a consensus target price of $116.47.

About EPAM Systems

EPAM Systems, Inc is a global digital engineering and technology services company that helps businesses design, develop and modernize software and digital products. Its services include software engineering, product development, platform engineering, cloud transformation, data and analytics, artificial intelligence, cybersecurity, consulting and experience design.

EPAM serves clients across industries such as financial services, healthcare, life sciences, retail, travel and hospitality, media, telecommunications, energy and manufacturing.

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