Voya Investment Management LLC Cuts Stake in EPAM Systems, Inc. $EPAM

Key Points

• Voya Investment Management LLC reduced its stake in EPAM Systems by 7.4% during the first quarter, selling 38,283 shares to own approximately 0.85% of the company, valued at about $81.3 million.
• EPAM Systems reported $2.77 EPS for the last quarter, exceeding consensus estimates by $0.16, and had a revenue of $1.35 billion, up 18.0% year-over-year.
• Analysts have mixed evaluations for EPAM's stock, with price targets ranging from $175.00 to $224.06, and the company currently holds a rating of "Moderate Buy" from analysts.

Voya Investment Management LLC reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 481,734 shares of the information technology services provider's stock after selling 38,283 shares during the period. Voya Investment Management LLC owned approximately 0.85% of EPAM Systems worth $81,336,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of EPAM Systems in the 1st quarter worth about $988,000. IFM Investors Pty Ltd boosted its position in shares of EPAM Systems by 0.7% in the 1st quarter. IFM Investors Pty Ltd now owns 11,326 shares of the information technology services provider's stock worth $1,912,000 after buying an additional 76 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of EPAM Systems by 0.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 349,447 shares of the information technology services provider's stock worth $59,001,000 after buying an additional 2,380 shares in the last quarter. Empowered Funds LLC boosted its position in shares of EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider's stock worth $381,000 after buying an additional 1,291 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of EPAM Systems in the 1st quarter worth about $308,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on EPAM. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective on the stock. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Monday, August 18th. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. JPMorgan Chase & Co. reduced their target price on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Morgan Stanley reduced their target price on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus price target of $224.06.

EPAM Systems Trading Up 0.8%

Shares of EPAM stock traded up $1.26 during trading hours on Thursday, hitting $154.72. 337,117 shares of the company were exchanged, compared to its average volume of 758,358. The firm has a market cap of $8.62 billion, a PE ratio of 22.11, a PEG ratio of 2.24 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 company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $164.24 and a 200 day moving average of $169.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company's revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm 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 expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

About EPAM Systems

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.