Mubadala Investment Co PJSC Trims Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Mubadala Investment Co PJSC reduced its stake in EPAM Systems by 15.8%, now holding 17,147 shares worth approximately $2.9 million after selling 3,206 shares in the first quarter.
• EPAM Systems reported earnings per share of $2.77 for the quarter, exceeding analysts' expectations of $2.61 and showing an 18.0% increase in revenue compared to the same quarter last year.
• Analysts have varying price targets for EPAM Systems, with Piper Sandler raising its target to $194.00, while others like Morgan Stanley lowered theirs to $210.00, resulting in an average target price of $226.25.

Mubadala Investment Co PJSC decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,147 shares of the information technology services provider's stock after selling 3,206 shares during the quarter. Mubadala Investment Co PJSC's holdings in EPAM Systems were worth $2,895,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EPAM. Ninety One UK Ltd purchased a new stake in EPAM Systems during the first quarter worth approximately $186,280,000. Invesco Ltd. lifted its stake in EPAM Systems by 37.1% during the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock worth $602,674,000 after purchasing an additional 965,089 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in EPAM Systems by 98.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock worth $274,923,000 after purchasing an additional 809,423 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after purchasing an additional 620,551 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in EPAM Systems during the fourth quarter worth approximately $66,662,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

EPAM Systems stock traded down $0.52 during trading hours on Wednesday, hitting $174.18. The stock had a trading volume of 576,571 shares, compared to its average volume of 749,293. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.56 and a beta of 1.66. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The stock's fifty day moving average is $168.21 and its two-hundred day moving average is $173.62.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. EPAM Systems'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. As a group, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EPAM. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, July 17th. They set a "hold" rating and a $171.00 target price for the company. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Monday, August 18th. Morgan Stanley reduced their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Needham & Company LLC boosted their target price on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Guggenheim boosted their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $226.25.

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.