EPAM Systems, Inc. $EPAM Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its stake in EPAM Systems by 51.6% in the first quarter, owning 7,670 shares after selling 8,178 shares during that period.
• EPAM Systems reported $2.77 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $2.61, with revenue of $1.35 billion, up 18% year-over-year.
• Institutional ownership of EPAM Systems is high at 91.58%, with recent increases in stakes from various hedge funds, highlighting strong investor interest.

Ieq Capital LLC lowered its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 51.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,670 shares of the information technology services provider's stock after selling 8,178 shares during the quarter. Ieq Capital LLC's holdings in EPAM Systems were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in EPAM. Ninety One UK Ltd acquired a new stake in shares of EPAM Systems during the first quarter worth approximately $186,280,000. Invesco Ltd. grew its position in shares of EPAM Systems by 37.1% during the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock worth $602,674,000 after buying an additional 965,089 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of EPAM Systems by 98.8% during 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 in the last quarter. Ameriprise Financial Inc. grew its position in shares of EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after buying an additional 620,551 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of EPAM Systems during the fourth quarter worth approximately $66,662,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Stock Performance

EPAM stock opened at $176.64 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market capitalization of $9.84 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 2.56 and a beta of 1.66. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The stock's fifty day moving average is $168.16 and its two-hundred day moving average is $173.61.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results 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 analysts' expectations of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $2.45 earnings per share. 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 predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler lifted their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Monday, August 18th. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. Barclays lifted their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Wall Street Zen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $226.25.

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.

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