Alliancebernstein L.P. Sells 20,610 Shares of EPAM Systems, Inc. $EPAM

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. cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the 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 filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of EPAM Systems by 3.2% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider's stock valued at $434,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of EPAM Systems by 6.1% in the first 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 last quarter. Empirical Finance LLC lifted its position in shares of EPAM Systems by 7.1% in the first quarter. Empirical Finance LLC now owns 1,457 shares of the information technology services provider's stock valued at $246,000 after buying an additional 96 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of EPAM Systems by 1.4% in the first quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock valued at $1,216,000 after buying an additional 97 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of EPAM Systems by 2.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,363 shares of the information technology services provider's stock valued at $737,000 after buying an additional 102 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

EPAM Systems stock traded down $1.55 during mid-day trading on Monday, reaching $154.54. 604,152 shares of the company were exchanged, compared to its average volume of 794,970. The company has a fifty day simple moving average of $165.38 and a 200-day simple moving average of $169.22. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market cap of $8.61 billion, a PE ratio of 22.05, a PEG ratio of 2.27 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $2.45 EPS. The company'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. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on EPAM. TD Cowen raised 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. Morgan Stanley dropped their price target on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 price target for the company. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.06.

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.