EPAM Systems, Inc. $EPAM Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP has reduced its holdings in EPAM Systems by 40.5%, now owning approximately $6.55 million worth of shares after selling 26,384 in the first quarter.
• EPAM Systems has seen significant changes in investor stakes, with Mirae Asset Global Investments increasing their stake by 18.1% and SG Americas Securities boosting theirs by 518.9%.
• The company reported an earnings beat with $2.77 EPS against the consensus estimate of $2.61 and a year-over-year revenue increase of 18%.

Korea Investment CORP trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,816 shares of the information technology services provider's stock after selling 26,384 shares during the quarter. Korea Investment CORP owned approximately 0.07% of EPAM Systems worth $6,554,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new position in EPAM Systems in the first quarter valued at $33,000. CX Institutional acquired a new stake in shares of EPAM Systems during the 1st quarter valued at about $42,000. First Horizon Advisors Inc. increased its stake in shares of EPAM Systems by 79.5% in the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock valued at $81,000 after purchasing an additional 213 shares in the last quarter. IFP Advisors Inc raised its holdings in EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after purchasing an additional 470 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in EPAM Systems during the fourth quarter worth approximately $196,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 1.0%

EPAM stock traded down $1.78 during mid-day trading on Tuesday, reaching $170.73. The company had a trading volume of 1,146,241 shares, compared to its average volume of 751,794. The firm has a fifty day simple moving average of $167.32 and a 200 day simple moving average of $176.77. 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 company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 2.54 and a beta of 1.67. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its 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. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. 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. Analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Guggenheim raised their target price on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. Wall Street Zen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Needham & Company LLC boosted their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.