Mirae Asset Global Investments Co. Ltd. Cuts Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Mirae Asset Global Investments cut its EPAM Systems stake by 95.7% in the second quarter, selling 11,250 shares and retaining 511 shares worth approximately $41,000.
• Analyst sentiment is mixed: EPAM has a consensus “Hold” rating from MarketBeat, with seven Buy, nine Hold, and one Sell rating and an average price target of $116.47.
• EPAM’s latest quarterly results exceeded expectations, with adjusted EPS of $3.38 versus the $3.16 consensus and revenue of $1.41 billion, up 4.6% year over year.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 95.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 511 shares of the information technology services provider's stock after selling 11,250 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in EPAM Systems were worth $41,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its position in shares of EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider's stock valued at $27,000 after buying an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in EPAM Systems in the 2nd quarter worth about $27,000. 1248 Management LLC purchased a new position in EPAM Systems in the 4th quarter worth about $32,000. Rothschild Investment LLC lifted its stake in EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 54 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in EPAM Systems during the 2nd quarter valued at about $30,000. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EPAM. Guggenheim reduced their price target on shares of EPAM Systems from $165.00 to $140.00 and set a "buy" rating for the company in a research note on Monday. Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $85.00 target price on shares of EPAM Systems in a report on Friday, July 10th. Susquehanna cut their target price on shares of EPAM Systems from $167.00 to $146.00 and set a "positive" rating for the company in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a research note on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, EPAM Systems has a consensus rating of "Hold" and a consensus price target of $116.47.

EPAM Systems Price Performance

NYSE EPAM opened at $101.91 on Friday. The company has a 50-day moving average price of $90.96 and a 200-day moving average price of $119.98. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5.26 billion, a P/E ratio of 13.81, a PEG ratio of 1.04 and a beta of 1.39.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The firm's revenue was up 4.6% compared to the same quarter last year. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Equities research analysts anticipate that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

EPAM Systems Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM's offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.

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