Russell Investments Group Ltd. Lowers Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Russell Investments Group Ltd. reduced its holdings in EPAM Systems by 36.4% in the first quarter, now owning 121,113 shares valued at approximately $20.4 million.
• Institutional investors such as Mirae Asset Global Investments and SG Americas Securities have increased their positions in EPAM, indicating a mix of sentiment from hedge funds.
• EPAM Systems reported a net margin of 7.91% and exceeded earnings estimates with $2.77 EPS for the quarter, reflecting an 18% year-over-year revenue growth.

Russell Investments Group Ltd. decreased its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,113 shares of the information technology services provider's stock after selling 69,445 shares during the period. Russell Investments Group Ltd. owned about 0.21% of EPAM Systems worth $20,449,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. raised its position in EPAM Systems by 8.5% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 17,895 shares of the information technology services provider's stock valued at $3,022,000 after purchasing an additional 1,408 shares in the last quarter. Westpac Banking Corp raised its position in EPAM Systems by 66.8% in the 1st quarter. Westpac Banking Corp now owns 844 shares of the information technology services provider's stock valued at $143,000 after purchasing an additional 338 shares in the last quarter. Public Sector Pension Investment Board raised its position in EPAM Systems by 7.8% in the 1st quarter. Public Sector Pension Investment Board now owns 8,811 shares of the information technology services provider's stock valued at $1,488,000 after purchasing an additional 639 shares in the last quarter. AIA Group Ltd acquired a new stake in EPAM Systems in the 1st quarter valued at about $419,000. Finally, Motley Fool Asset Management LLC raised its position in EPAM Systems by 14.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 1,360 shares of the information technology services provider's stock valued at $230,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EPAM shares. TD Cowen raised EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Monday. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday. Barclays increased 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 research report on Saturday, August 2nd. Finally, Scotiabank dropped their price objective 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $226.25.

EPAM Systems Stock Performance

NYSE:EPAM traded up $10.90 during mid-day trading on Friday, reaching $177.30. 230,891 shares of the stock were exchanged, compared to its average volume of 746,978. The company has a 50 day simple moving average of $167.23 and a 200-day simple moving average of $179.09. The stock has a market capitalization of $9.88 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.42 and a beta of 1.67. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year 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 analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business posted $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 anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.