Epoch Investment Partners Inc. Lowers Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Epoch Investment Partners Inc. reduced its stake in EPAM Systems by 6.5% in the first quarter, now holding 262,096 shares valued at $44,252,000.
• Several hedge funds have recently adjusted their positions in EPAM, with Kayne Anderson Rudnick increasing its holdings by 397.7% during the same period.
• Analysts are optimistic about EPAM Systems, with thirteen analysts rating the stock as a "Buy" and an average target price of $226.25.

Epoch Investment Partners Inc. cut its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 262,096 shares of the information technology services provider's stock after selling 18,202 shares during the quarter. Epoch Investment Partners Inc. owned about 0.46% of EPAM Systems worth $44,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sentry Investment Management LLC purchased a new position in EPAM Systems during the 1st quarter worth $33,000. CX Institutional purchased a new position in EPAM Systems during the 1st quarter worth $42,000. First Horizon Advisors Inc. grew its stake in EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after buying an additional 213 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock worth $109,000 after buying an additional 517 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after buying an additional 470 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 1.4%

Shares of EPAM traded up $2.46 during midday trading on Friday, hitting $176.64. 492,182 shares of the stock were exchanged, compared to its average volume of 904,128. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a fifty day simple moving average of $167.99 and a 200 day simple moving average of $175.51. The firm has a market cap of $9.84 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.53 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 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 analyst estimates of $1.33 billion. During the same period last year, the business posted $2.45 earnings per share. The company's quarterly revenue was up 18.0% on a year-over-year basis. 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 anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Analysts Set New Price Targets

EPAM has been the subject of a number of research reports. Morgan Stanley lowered their price target on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Needham & Company LLC lifted their target price on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays upped their target price on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Guggenheim upped their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.