MAI Capital Management Decreases Stake in EPAM Systems, Inc. $EPAM

Key Points

• MAI Capital Management significantly reduced its stake in EPAM Systems, Inc. by 92.7%, selling 36,445 shares and owning only 2,887 shares worth approximately $487,000 as of its latest SEC filing.
• Institutional investors are showing mixed actions regarding EPAM Systems, with some increasing their stakes dramatically, such as Kayne Anderson Rudnick by 397.7%.
• The stock currently holds a consensus rating of Moderate Buy among analysts, with an average target price of $226.25, despite recent price target adjustments by various brokerages.

MAI Capital Management lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 92.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 2,887 shares of the information technology services provider's stock after selling 36,445 shares during the quarter. MAI Capital Management's holdings in EPAM Systems were worth $487,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC purchased a new position in shares of EPAM Systems in the first quarter worth about $33,000. CX Institutional purchased a new position in EPAM Systems during the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. lifted 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 valued at $81,000 after acquiring an additional 213 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of EPAM Systems by 397.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock valued at $109,000 after acquiring an additional 517 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of EPAM Systems by 149.2% in the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after acquiring an additional 470 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded up $1.23 on Friday, reaching $169.32. The company's stock had a trading volume of 947,316 shares, compared to its average volume of 710,923. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.43 billion, a P/E ratio of 24.15, a PEG ratio of 2.46 and a beta of 1.66. The stock has a 50-day moving average price of $167.99 and a 200-day moving average price of $171.73. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 EPS. 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.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EPAM. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Monday, August 18th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Barclays lifted their price target 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 raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Thirteen equities research 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, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average 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.