American Century Companies Inc. Decreases Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• American Century Companies Inc. reduced its stake in EPAM Systems, Inc. by 13.6%, now holding 17,798 shares valued at approximately $3 million.
• Institutional investors, including Mirae Asset Global Investments and SG Americas Securities, have increased their holdings in EPAM Systems, indicating a mixed sentiment in the market.
• EPAM Systems reported a strong earnings performance for the last quarter, with earnings per share of $2.77, surpassing expectations and showing 18% year-over-year revenue growth.

American Century Companies Inc. trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 13.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,798 shares of the information technology services provider's stock after selling 2,799 shares during the quarter. American Century Companies Inc.'s holdings in EPAM Systems were worth $3,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EPAM. Invesco Ltd. lifted its holdings in EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after acquiring an additional 965,089 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after purchasing an additional 620,551 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock worth $274,923,000 after buying an additional 809,423 shares during the last quarter. Ninety One UK Ltd bought a new stake in EPAM Systems during the first quarter valued at approximately $186,280,000. Finally, Charles Schwab Investment Management Inc. raised its position in EPAM Systems by 4.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 543,423 shares of the information technology services provider's stock worth $91,752,000 after acquiring an additional 21,279 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Down 0.3%

Shares of EPAM stock traded down $0.52 during mid-day trading on Wednesday, hitting $174.18. The stock had a trading volume of 586,886 shares, compared to its average volume of 749,355. 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's 50-day moving average is $168.21 and its two-hundred day moving average is $173.62. The firm has a market capitalization of $9.70 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.56 and a beta of 1.66.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating 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 firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the company posted $2.45 earnings per share. The firm'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, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of analyst reports. Morgan Stanley reduced their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Guggenheim increased their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price target on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective on the stock. Finally, Needham & Company LLC lifted their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $226.25.

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.