Driehaus Capital Management LLC Has $685,000 Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Driehaus Capital Management LLC has significantly reduced its stake in EPAM Systems, lowering its holdings by 97.2% to just 4,059 shares, valued at approximately $685,000.
• Analysts have provided mixed evaluations, with TD Cowen upgrading EPAM from "hold" to "buy," while JPMorgan trimmed its price target from $205.00 to $201.00, reflecting concerns among some investors.
• EPAM Systems reported a quarterly earnings per share (EPS) of $2.77, exceeding analysts' expectations, with a revenue of $1.35 billion, marking an 18% increase compared to the same period last year.

Driehaus Capital Management LLC lowered its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 97.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,059 shares of the information technology services provider's stock after selling 139,912 shares during the period. Driehaus Capital Management LLC's holdings in EPAM Systems were worth $685,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Sentry Investment Management LLC bought a new stake in EPAM Systems during the 1st quarter worth $33,000. CX Institutional bought a new stake in EPAM Systems during the 1st quarter worth $42,000. First Horizon Advisors Inc. grew its position in EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after acquiring an additional 213 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock worth $109,000 after acquiring an additional 517 shares during the last quarter. Finally, IFP Advisors Inc grew its position in EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after acquiring an additional 470 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

EPAM has been the topic of a number of research reports. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Monday, August 18th. Barclays boosted their price objective on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. JPMorgan Chase & Co. reduced their price target 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. Finally, Morgan Stanley reduced their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus price target of $226.25.

EPAM Systems Trading Up 1.4%

NYSE EPAM opened at $176.64 on Monday. The business's 50-day moving average price is $167.99 and its two-hundred day moving average price is $174.24. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The firm has a market capitalization of $9.84 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.56 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 announced 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. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

About EPAM Systems

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.

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