Kodai Capital Management LP Reduces Position in EPAM Systems, Inc. $EPAM

Key Points

• Kodai Capital Management LP sold 36,358 shares of EPAM Systems, reducing its stake by 51% to approximately 34,964 shares valued at about $5.9 million.
• Institutional investors now hold over 91% of EPAM Systems' shares, with significant contributions from firms like Ninety One UK Ltd and Invesco Ltd., who have increased their holdings.
• EPAM Systems reported record earnings of $2.77 per share for the last quarter, exceeding estimates and projecting strong revenue growth with a guidance of 10.960-11.120 EPS for FY 2025.

Kodai Capital Management LP lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 51.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,964 shares of the information technology services provider's stock after selling 36,358 shares during the quarter. Kodai Capital Management LP owned approximately 0.06% of EPAM Systems worth $5,903,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. grew its position in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after purchasing an additional 965,089 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of EPAM Systems by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider's stock valued at $383,267,000 after acquiring an additional 89,418 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of EPAM Systems by 98.8% in the first 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 in the last quarter. Ninety One UK Ltd acquired a new stake in shares of EPAM Systems in the first quarter valued at $186,280,000. Finally, Northern Trust Corp raised its stake in EPAM Systems by 5.6% in the first quarter. Northern Trust Corp now owns 559,283 shares of the information technology services provider's stock valued at $94,429,000 after buying an additional 29,668 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target on the stock. Guggenheim boosted their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler boosted their target price on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. dropped their target price on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $226.25.

EPAM Systems Trading Down 1.6%

EPAM Systems stock traded down $2.78 during midday trading on Wednesday, reaching $171.92. The stock had a trading volume of 211,219 shares, compared to its average volume of 747,039. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock has a market capitalization of $9.58 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.56 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The stock's 50-day simple moving average is $168.21 and its 200 day simple moving average is $173.62.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the firm earned $2.45 earnings per share. The firm's revenue for the quarter 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. Analysts expect 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.