Teza Capital Management LLC Decreases Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• Teza Capital Management LLC reduced its stake in EPAM Systems by 74.6%, selling 6,041 shares and now owning 2,052 shares valued at $346,000.
• Several institutional investors, including Invesco Ltd. and Alyeska Investment Group L.P., significantly increased their positions in EPAM Systems during the same quarter.
• Despite recent stock fluctuations, analysts maintain a positive outlook, with an average target price of $226.25 and a consensus rating of "Moderate Buy" for EPAM Systems.

Teza Capital Management LLC decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 74.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,052 shares of the information technology services provider's stock after selling 6,041 shares during the period. Teza Capital Management LLC's holdings in EPAM Systems were worth $346,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sentry Investment Management LLC bought a new stake in shares of EPAM Systems during the 1st quarter valued at about $33,000. CX Institutional bought a new stake in shares of EPAM Systems during the 1st quarter valued at about $42,000. First Horizon Advisors Inc. boosted its position in shares of EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock valued at $81,000 after purchasing an additional 213 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider's stock valued at $109,000 after purchasing an additional 517 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock valued at $133,000 after purchasing an additional 470 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in 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 note on Monday, August 18th. Wall Street Zen downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley dropped their price target on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 9th. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Finally, JPMorgan Chase & Co. dropped their price target on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 20th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $224.06.

EPAM Systems Stock Down 1.0%

Shares of EPAM Systems stock traded down $1.59 on Friday, hitting $156.26. The company had a trading volume of 546,345 shares, compared to its average volume of 794,970. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 2.27 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 has a 50 day moving average of $165.89 and a 200-day moving average of $169.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.61 by $0.16. The firm had revenue of $1.35 billion during 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 company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.45 earnings per share. 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, sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current 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.