Martin Currie Ltd. Decreases Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Martin Currie Ltd. decreased its stake in EPAM Systems by 14.7%, holding 127,464 shares worth approximately $21.52 million after selling 21,901 shares in the 1st quarter.
• Several hedge funds modified their holdings with Mirae Asset Global Investments increasing theirs by 18.1% and SG Americas Securities by 518.9% during the same period.
• EPAM Systems reported earnings of $2.77 EPS for the quarter, exceeding estimates, with a revenue of $1.35 billion, marking an 18% year-over-year increase.

Martin Currie Ltd. decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,464 shares of the information technology services provider's stock after selling 21,901 shares during the quarter. Martin Currie Ltd. owned 0.22% of EPAM Systems worth $21,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in EPAM. Brighton Jones LLC acquired a new position in shares of EPAM Systems in the fourth quarter valued at approximately $218,000. Raymond James Financial Inc. acquired a new position in shares of EPAM Systems in the fourth quarter valued at approximately $27,916,000. Sterling Capital Management LLC increased its stake in shares of EPAM Systems by 58.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,247 shares of the information technology services provider's stock valued at $759,000 after buying an additional 1,198 shares during the period. Mariner LLC increased its stake in shares of EPAM Systems by 26.7% in the fourth quarter. Mariner LLC now owns 2,848 shares of the information technology services provider's stock valued at $666,000 after buying an additional 600 shares during the period. Finally, Guggenheim Capital LLC increased its position in EPAM Systems by 4.1% during the 4th quarter. Guggenheim Capital LLC now owns 3,982 shares of the information technology services provider's stock valued at $931,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EPAM shares. Susquehanna cut their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Needham & Company LLC increased their price target on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Monday. Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Scotiabank cut their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $226.25.

EPAM Systems Stock Performance

Shares of EPAM Systems stock traded down $0.9610 during trading hours on Wednesday, hitting $166.5690. 742,860 shares of the company's stock traded hands, compared to its average volume of 838,505. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 2.43 and a beta of 1.67. The company has a fifty day simple moving average of $167.42 and a 200-day simple moving average of $179.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $2.45 EPS. The business's 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. Equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.