State Street Corp Sells 277,105 Shares of EPAM Systems, Inc. $EPAM

Key Points

• State Street reduced its EPAM Systems stake by 12.4%, selling 277,105 shares during the second quarter and retaining 1.96 million shares worth approximately $155.2 million. Institutional investors collectively own 91.58% of the company.
• Analyst sentiment is mixed: EPAM has a consensus “Hold” rating from 17 analysts, with a consensus price target of $116.47; several firms recently lowered price targets or ratings.
• EPAM opened at $110.30 and reported quarterly EPS of $3.38, beating estimates, while revenue reached $1.41 billion, up 4.6% year over year.

State Street Corp lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,956,089 shares of the information technology services provider's stock after selling 277,105 shares during the quarter. State Street Corp owned 3.79% of EPAM Systems worth $155,216,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rothschild Investment LLC grew its holdings in shares of EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 54 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in EPAM Systems by 4.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,144 shares of the information technology services provider's stock valued at $439,000 after purchasing an additional 82 shares in the last quarter. Clearstead Advisors LLC raised its stake in EPAM Systems by 60.3% in the fourth quarter. Clearstead Advisors LLC now owns 242 shares of the information technology services provider's stock valued at $50,000 after purchasing an additional 91 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in EPAM Systems by 4.7% during the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider's stock valued at $381,000 after purchasing an additional 126 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in EPAM Systems by 156.4% in the 4th quarter. Hantz Financial Services Inc. now owns 241 shares of the information technology services provider's stock worth $49,000 after buying an additional 147 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the topic of several research reports. Guggenheim lowered their price objective on shares of EPAM Systems from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. William Blair lowered shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 6th. Morgan Stanley set a $97.00 price target on EPAM Systems in a research report on Friday, August 7th. Stifel Nicolaus set a $135.00 price target on EPAM Systems in a research note on Thursday, August 6th. Finally, TD Cowen cut their price objective on EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $116.47.

EPAM Systems Stock Performance

NYSE EPAM opened at $110.30 on Thursday. The company has a 50-day simple moving average of $106.65 and a two-hundred day simple moving average of $108.51. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.15 and a beta of 1.38. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the business posted $2.77 EPS. EPAM Systems's quarterly 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. On average, equities analysts forecast that EPAM Systems, Inc. will post 10.47 EPS for the current year.

About EPAM Systems

EPAM Systems, Inc is a global digital engineering and technology services company that helps businesses design, develop and modernize software and digital products. Its services include software engineering, product development, platform engineering, cloud transformation, data and analytics, artificial intelligence, cybersecurity, consulting and experience design.

EPAM serves clients across industries such as financial services, healthcare, life sciences, retail, travel and hospitality, media, telecommunications, energy and manufacturing.

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