EPAM Systems, Inc. $EPAM Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its EPAM Systems position by 33.3% in the second quarter, selling 37,641 shares and retaining 75,259 shares valued at approximately $6.0 million.
• Institutional ownership remains high at 91.58%, with several investors—including Tidal Investments, Winton Group and Engineers Gate Manager—raising their stakes during the quarter.
• Analysts maintain a consensus “Hold” rating with a $116.47 target price. EPAM recently exceeded quarterly EPS estimates, reporting $3.38 versus the $3.16 consensus, while revenue rose 4.6% year over year to $1.41 billion.

Envestnet Asset Management Inc. cut its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 33.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,259 shares of the information technology services provider's stock after selling 37,641 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of EPAM Systems worth $5,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in EPAM Systems in the 2nd quarter worth about $371,000. Tidal Investments LLC lifted its position in shares of EPAM Systems by 23.0% during the 2nd quarter. Tidal Investments LLC now owns 79,826 shares of the information technology services provider's stock valued at $6,334,000 after acquiring an additional 14,917 shares during the period. WINTON GROUP Ltd raised its stake in EPAM Systems by 31.0% in the second quarter. WINTON GROUP Ltd now owns 131,440 shares of the information technology services provider's stock valued at $10,430,000 after purchasing an additional 31,134 shares in the last quarter. Engineers Gate Manager LP lifted its position in EPAM Systems by 341.1% during the second quarter. Engineers Gate Manager LP now owns 52,893 shares of the information technology services provider's stock worth $4,197,000 after purchasing an additional 40,902 shares during the period. Finally, Empirical Finance LLC acquired a new stake in EPAM Systems during the second quarter worth about $561,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of recent analyst reports. Mizuho set a $130.00 price target on shares of EPAM Systems in a report on Monday, August 10th. Wedbush assumed coverage on EPAM Systems in a research note on Monday, June 15th. They set a "neutral" rating and a $99.00 target price for the company. TD Cowen decreased their price target on EPAM Systems from $131.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Morgan Stanley set a $97.00 price objective on EPAM Systems in a research report on Friday, August 7th. Finally, Citigroup reduced their price target on shares of EPAM Systems from $112.00 to $100.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $116.47.

EPAM Systems Price Performance

EPAM Systems stock opened at $108.09 on Friday. The stock's 50 day moving average is $109.53 and its 200 day moving average is $107.13. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The firm has a market cap of $5.58 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.13 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $2.77 EPS. The company's revenue was up 4.6% compared to the same quarter last year. 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. As a group, research analysts expect that EPAM Systems, Inc. will post 10.47 EPS for the current year.

EPAM Systems Profile

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

The company works with clients across industries including financial services, healthcare, life sciences, retail, travel and consumer products, media, telecommunications, and energy.

Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems, Inc. (NYSE:EPAM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.