EPAM Systems, Inc. $EPAM Position Trimmed by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 80.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,619 shares of the information technology services provider’s stock after selling 71,731 shares during the period. Assenagon Asset Management S.A.’s holdings in EPAM Systems were worth $2,386,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems during the 2nd quarter worth about $27,000. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems during the 2nd quarter worth about $30,000. Sound Income Strategies LLC grew its stake in shares of EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in EPAM Systems in the fourth quarter worth approximately $32,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 0.6%

Shares of EPAM stock opened at $79.53 on Wednesday. The stock has a market cap of $4.15 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.73 and a beta of 1.41. The stock has a fifty day moving average price of $99.02 and a 200 day moving average price of $146.43. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 earnings per share. Analysts predict that EPAM Systems, Inc. will post 10.42 earnings per share for the current year.

Analyst Ratings Changes

EPAM has been the topic of several recent research reports. Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Mizuho increased their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Guggenheim cut their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Morgan Stanley set a $112.00 price objective on shares of EPAM Systems in a research note on Friday, May 8th. Finally, Needham & Company LLC decreased their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, EPAM Systems presently has an average rating of “Hold” and a consensus target price of $148.21.

EPAM Systems Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.