EPAM Systems, Inc. $EPAM Stock Position Lessened by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its holdings in EPAM Systems by 21.1% during Q1, owning 15,235 shares valued at $2,572,000 after selling 4,075 shares.
• Major institutional investors are actively modifying their positions in EPAM, with firms like Ninety One UK Ltd acquiring a stake worth approximately $186.3 million and Invesco Ltd. increasing its holdings by 37.1%.
• EPAM Systems recently topped expectations with a quarterly earnings report showing an EPS of $2.77, compared to analysts' expectations of $2.61, reflecting a revenue growth of 18% year-over-year.

Rafferty Asset Management LLC cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 21.1% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 15,235 shares of the information technology services provider's stock after selling 4,075 shares during the period. Rafferty Asset Management LLC's holdings in EPAM Systems were worth $2,572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EPAM. Brighton Jones LLC acquired a new position in shares of EPAM Systems in the 4th quarter valued at approximately $218,000. AQR Capital Management LLC raised its position in shares of EPAM Systems by 56.4% in the 4th quarter. AQR Capital Management LLC now owns 257,380 shares of the information technology services provider's stock valued at $60,181,000 after purchasing an additional 92,859 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of EPAM Systems in the 4th quarter valued at approximately $652,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of EPAM Systems in the 4th quarter valued at approximately $325,000. Finally, Alight Capital Management LP bought a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $11,691,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EPAM shares. Needham & Company LLC boosted their price target on EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Guggenheim boosted their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target for the company. Barclays boosted their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Finally, TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Monday, August 18th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $226.25.

EPAM Systems Stock Performance

EPAM traded down $1.07 during trading on Wednesday, reaching $173.63. 340,105 shares of the company were exchanged, compared to its average volume of 747,727. The stock has a market cap of $9.67 billion, a P/E ratio of 24.77, a PEG ratio of 2.56 and a beta of 1.66. The firm has a 50 day moving average of $168.21 and a 200 day moving average of $173.62. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. 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, topping 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 during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. The company's revenue for the quarter 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. On average, sell-side analysts forecast 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.