State of New Jersey Common Pension Fund D Sells 1,920 Shares of EPAM Systems, Inc. $EPAM

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in EPAM Systems by 3.6% during the first quarter, owning 52,033 shares valued at approximately $8.79 million.
• EPAM Systems reported a 14.00% return on equity and a net margin of 7.91% for the recent quarter, beating analysts' earnings estimates with $2.77 EPS.
• Analysts have mixed views on EPAM, with a consensus rating of "Moderate Buy" and an average target price of $231.73, while one rating was downgraded from $250.00 to $210.00.

State of New Jersey Common Pension Fund D reduced its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,033 shares of the information technology services provider's stock after selling 1,920 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of EPAM Systems worth $8,785,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EPAM. Ninety One UK Ltd acquired a new position in EPAM Systems in the 1st quarter worth about $186,280,000. Invesco Ltd. increased its holdings in shares of EPAM Systems by 37.1% during the 1st 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 last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of EPAM Systems by 98.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock valued at $274,923,000 after acquiring an additional 809,423 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of EPAM Systems by 39.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after acquiring an additional 620,551 shares during the last quarter. Finally, Capital World Investors increased its holdings in shares of EPAM Systems by 22.0% during the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after acquiring an additional 414,942 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EPAM shares. Morgan Stanley lowered their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, May 9th. Scotiabank lowered their price objective on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. 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 objective on the stock. JPMorgan Chase & Co. lowered 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. Finally, Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, EPAM Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $226.25.

EPAM Systems Stock Performance

Shares of EPAM stock traded up $8.3080 during mid-day trading on Friday, reaching $174.7080. The stock had a trading volume of 802,927 shares, compared to its average volume of 809,939. The firm's 50 day simple moving average is $167.32 and its 200 day simple moving average is $178.54. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The firm has a market cap of $9.73 billion, a PE ratio of 24.92, a P/E/G ratio of 2.42 and a beta of 1.67.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced 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. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company earned $2.45 EPS. 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 forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.