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

Key Points

• TD Asset Management Inc reduced its stake in EPAM Systems by 9.7% in the second quarter, holding approximately 440,551 shares valued at $77.9 million as of the end of the quarter.
• Brokerages have recently adjusted their price targets for EPAM, with JPMorgan lowering its target from $205 to $201, while Morgan Stanley cut its price objective from $210 to $175.
• EPAM Systems reported an EPS of $2.77 for the recent quarter, beating estimates, with a year-over-year revenue increase of 18% to $1.35 billion.

TD Asset Management Inc lessened its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 9.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 440,551 shares of the information technology services provider's stock after selling 47,188 shares during the period. TD Asset Management Inc owned about 0.78% of EPAM Systems worth $77,898,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of EPAM Systems in the second quarter valued at $250,000. CWM LLC grew its position in EPAM Systems by 117.6% in the 2nd quarter. CWM LLC now owns 6,475 shares of the information technology services provider's stock valued at $1,145,000 after acquiring an additional 3,499 shares in the last quarter. Oak Ridge Investments LLC grew its position in EPAM Systems by 1.1% in the 2nd quarter. Oak Ridge Investments LLC now owns 15,116 shares of the information technology services provider's stock valued at $2,673,000 after acquiring an additional 168 shares in the last quarter. Aberdeen Group plc increased its stake in EPAM Systems by 13.9% during the second quarter. Aberdeen Group plc now owns 47,655 shares of the information technology services provider's stock worth $8,426,000 after purchasing an additional 5,824 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of EPAM Systems by 40.5% during the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider's stock worth $59,000 after purchasing an additional 96 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EPAM. JPMorgan Chase & Co. dropped their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th. Morgan Stanley cut their price objective on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 target price for the company. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems Stock Down 2.6%

EPAM Systems stock opened at $143.19 on Thursday. The stock has a market cap of $7.98 billion, a PE ratio of 20.43, a P/E/G ratio of 2.13 and a beta of 1.65. 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 stock's fifty day moving average is $159.11 and its two-hundred day moving average is $164.36. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

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 (EPS) for the quarter, topping 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the prior year, the firm posted $2.45 EPS. The business's quarterly revenue was up 18.0% compared to the same quarter last year. 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, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal 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.

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