EPAM Systems, Inc. $EPAM Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management cut its EPAM Systems position by 66.2% in the second quarter, selling 196,298 shares and retaining 100,028 shares valued at approximately $7.94 million.
• Other institutional investors were active, with Arrowstreet Capital, Bank of America, and Lazard increasing their holdings while Bank Hapoalim and Oppenheimer Asset Management opened new positions. Institutional investors collectively own 91.58% of EPAM’s stock.
• EPAM beat quarterly earnings expectations with EPS of $3.38 versus the $3.16 consensus, while revenue reached $1.41 billion and rose 4.6% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $116.47.

Wellington Management Group LLP trimmed its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 66.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,028 shares of the information technology services provider's stock after selling 196,298 shares during the quarter. Wellington Management Group LLP owned approximately 0.19% of EPAM Systems worth $7,937,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EPAM. Arrowstreet Capital Limited Partnership raised its holdings in EPAM Systems by 7.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider's stock worth $47,199,000 after purchasing an additional 25,152 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of EPAM Systems by 15.9% in the 1st quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider's stock valued at $84,584,000 after buying an additional 85,480 shares in the last quarter. Bank Hapoalim BM purchased a new position in shares of EPAM Systems in the 2nd quarter valued at $1,491,000. Lazard Asset Management LLC raised its stake in EPAM Systems by 82.2% during the 1st quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider's stock worth $5,325,000 after acquiring an additional 17,737 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in EPAM Systems in the second quarter valued at $9,315,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $115.31 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The business has a 50 day simple moving average of $100.12 and a 200-day simple moving average of $110.16. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The stock has a market capitalization of $5.95 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.22. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. EPAM Systems's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.77 EPS. 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. Equities analysts predict that EPAM Systems, Inc. will post 10.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on EPAM. Susquehanna cut their target price on EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a research report on Friday, August 7th. Needham & Company LLC reduced their price objective on EPAM Systems from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Morgan Stanley set a $97.00 target price on shares of EPAM Systems in a research report on Friday, August 7th. Citigroup cut their target price on shares of EPAM Systems from $112.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Finally, Guggenheim reduced their price target on shares of EPAM Systems from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $116.47.

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM's offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.

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