Versor Investments LP Cuts Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Versor Investments LP significantly reduced its holdings in EPAM Systems, Inc. by 44.6% during the first quarter, ending with 3,380 shares valued at approximately $571,000.
• Several hedge funds have adjusted their positions in EPAM, with Kayne Anderson Rudnick Investment Management LLC increasing its holdings by 2,500.0% and acquiring 130 shares.
• Analysts have mixed sentiments about EPAM, with price targets ranging from $170 to $270, while the stock currently holds a consensus rating of "Moderate Buy".

Versor Investments LP cut its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 44.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,380 shares of the information technology services provider's stock after selling 2,722 shares during the period. Versor Investments LP's holdings in EPAM Systems were worth $571,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of EPAM Systems by 6.1% in the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock valued at $265,000 after purchasing an additional 91 shares during the last quarter. Empirical Finance LLC grew its position in shares of EPAM Systems by 7.1% in the first quarter. Empirical Finance LLC now owns 1,457 shares of the information technology services provider's stock valued at $246,000 after purchasing an additional 96 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of EPAM Systems by 1.4% in the first quarter. Yousif Capital Management LLC now owns 7,200 shares of the information technology services provider's stock valued at $1,216,000 after purchasing an additional 97 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of EPAM Systems by 2.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,363 shares of the information technology services provider's stock valued at $737,000 after purchasing an additional 102 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its position in shares of EPAM Systems by 2.1% in the first quarter. MBM Wealth Consultants LLC now owns 5,839 shares of the information technology services provider's stock valued at $986,000 after purchasing an additional 119 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Down 1.5%

NYSE:EPAM traded down $2.6180 during trading hours on Monday, reaching $172.3320. 508,079 shares of the company were exchanged, compared to its average volume of 827,903. 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 firm has a market cap of $9.60 billion, a price-to-earnings ratio of 24.58, a PEG ratio of 2.54 and a beta of 1.67. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a 50 day simple moving average of $167.32 and a 200 day simple moving average of $176.77.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. EPAM Systems's revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EPAM shares. Guggenheim increased their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Morgan Stanley lowered their price target on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. Wall Street Zen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and a consensus price target of $226.25.

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.