Wellington Management Group LLP Sells 35,953 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Wellington Management Group LLP reduced its stake in EPAM Systems, Inc. by 18.6%, selling 35,953 shares and holding 157,514 shares valued at approximately $26.6 million.
• Several institutional investors made significant changes to their positions in EPAM, including a new stake from Ninety One UK Ltd worth $186.3 million and a 98.8% increase in holdings from Massachusetts Financial Services Co..
• EPAM Systems reported better-than-expected quarterly earnings of $2.77 per share, surpassing analysts' estimates, and set its fiscal year 2025 guidance at $10.960-11.120 EPS.

Wellington Management Group LLP trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 18.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,514 shares of the information technology services provider's stock after selling 35,953 shares during the period. Wellington Management Group LLP owned 0.28% of EPAM Systems worth $26,595,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sentry Investment Management LLC bought a new position in shares of EPAM Systems in the 1st quarter valued at approximately $33,000. CX Institutional bought a new position in EPAM Systems in the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. increased its position in EPAM Systems by 79.5% in the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider's stock worth $81,000 after buying an additional 213 shares during the period. IFP Advisors Inc increased its position in EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider's stock worth $133,000 after buying an additional 470 shares during the period. Finally, Westpac Banking Corp increased 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 worth $143,000 after buying an additional 338 shares during the period. 91.58% of the stock is owned by institutional investors.

EPAM Systems Price Performance

EPAM stock traded up $2.46 during trading on Friday, hitting $176.64. The company had a trading volume of 492,182 shares, compared to its average volume of 904,128. The company has a fifty day moving average price of $167.99 and a two-hundred day moving average price of $175.51. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market cap of $9.84 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.53 and a beta of 1.67. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on EPAM shares. 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 report on Wednesday, August 20th. Needham & Company LLC lifted their price objective on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays lifted their price objective on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Piper Sandler lifted their price objective on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 price objective on the stock. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $226.25.

EPAM Systems Company 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.