The Manufacturers Life Insurance Company Has $1.09 Million Stock Holdings in EPAM Systems, Inc. $EPAM

Key Points

• The Manufacturers Life Insurance Company cut its EPAM Systems stake by 64.6% in the second quarter, selling 25,111 shares and retaining 13,777 shares valued at approximately $1.09 million.
• Institutional ownership remains high at 91.58%, with BlackRock, California State Teachers Retirement System and other major investors significantly increasing or initiating positions.
• EPAM exceeded quarterly earnings expectations with $3.38 in EPS on $1.41 billion in revenue, but analysts maintain a consensus “Hold” rating and a $116.47 price target.

The Manufacturers Life Insurance Company trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 64.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,777 shares of the information technology services provider's stock after selling 25,111 shares during the quarter. The Manufacturers Life Insurance Company's holdings in EPAM Systems were worth $1,093,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EPAM. BlackRock Inc. acquired a new position in EPAM Systems during the 2nd quarter worth about $526,684,000. California State Teachers Retirement System lifted its stake in shares of EPAM Systems by 7,210.2% in the second quarter. California State Teachers Retirement System now owns 4,702,202 shares of the information technology services provider's stock worth $373,120,000 after acquiring an additional 4,637,878 shares during the period. Capital World Investors lifted its stake in shares of EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider's stock worth $753,874,000 after acquiring an additional 1,371,557 shares during the period. Boston Partners bought a new stake in EPAM Systems in the fourth quarter valued at approximately $349,428,000. Finally, Dimensional Fund Advisors LP increased its position in EPAM Systems by 25.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider's stock valued at $144,789,000 after purchasing an additional 219,388 shares during the period. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

EPAM stock opened at $123.66 on Tuesday. The firm has a market cap of $6.38 billion, a PE ratio of 16.76, a P/E/G ratio of 1.21 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. The business has a 50 day moving average of $102.58 and a 200-day moving average of $109.70. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, topping analysts' consensus estimates of $3.16 by $0.22. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.EPAM Systems's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.77 earnings per share. 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. As a group, sell-side analysts expect that EPAM Systems, Inc. will post 10.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. William Blair downgraded shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 6th. Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a research report on Thursday, August 6th. JPMorgan Chase & Co. downgraded EPAM Systems from an "overweight" rating to a "neutral" rating and set a $120.00 target price for the company. in a report on Wednesday, August 26th. Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a report on Tuesday, August 4th. Finally, Truist Financial lowered their target price on EPAM Systems from $112.00 to $110.00 and set a "hold" rating on the stock in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $116.47.

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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