EPAM Systems, Inc. $EPAM Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in EPAM Systems, Inc. by 10.7%, selling 20,610 shares, while other institutional investors such as Invesco and Massachusetts Financial Services significantly increased their holdings during the same period.
• EPAM Systems reported earnings per share of $2.77 for its last quarter, exceeding analysts' estimates of $2.61, with a year-over-year revenue increase of 18%.
• The stock has an average rating of "Moderate Buy" from analysts, with a current target price averaging $224.06.

Alliancebernstein L.P. reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,731 shares of the information technology services provider's stock after selling 20,610 shares during the period. Alliancebernstein L.P. owned 0.30% of EPAM Systems worth $29,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EPAM. Sentry Investment Management LLC acquired a new position in shares of EPAM Systems during the 1st quarter worth approximately $33,000. CX Institutional acquired a new position in shares of EPAM Systems during the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 213 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 purchasing an additional 517 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of 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 purchasing an additional 470 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the topic of several recent research reports. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective on the stock. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. decreased 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. Finally, Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems Trading Down 1.0%

Shares of EPAM traded down $1.59 during midday trading on Friday, hitting $156.26. 546,345 shares of the stock were exchanged, compared to its average volume of 811,644. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a fifty day simple moving average of $165.89 and a 200 day simple moving average of $170.15. The firm has a market cap of $8.70 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.29 and a beta of 1.66. 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 (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping 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 business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business posted $2.45 earnings per share. The company's quarterly 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. On average, research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.