The Manufacturers Life Insurance Company Reduces Stock Holdings in EPAM Systems, Inc. $EPAM

The Manufacturers Life Insurance Company trimmed its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 64.6% in the 2nd quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Rothschild Investment LLC lifted its position in shares of EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 54 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of EPAM Systems by 4.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,144 shares of the information technology services provider’s stock worth $439,000 after acquiring an additional 82 shares during the period. Clearstead Advisors LLC increased its holdings in EPAM Systems by 60.3% in the 4th quarter. Clearstead Advisors LLC now owns 242 shares of the information technology services provider’s stock worth $50,000 after acquiring an additional 91 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in EPAM Systems by 18.8% in the 4th quarter. Resona Asset Management Co. Ltd. now owns 709 shares of the information technology services provider’s stock valued at $150,000 after acquiring an additional 112 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its stake in EPAM Systems by 4.7% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 126 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 4.9%

Shares of EPAM Systems stock opened at $123.66 on Tuesday. EPAM Systems, Inc. has a 1 year low of $73.06 and a 1 year high of $222.53. The firm has a market cap of $6.38 billion, a PE ratio of 16.76, a PEG ratio of 1.21 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The company has a 50 day simple moving average of $102.58 and a two-hundred day simple moving average of $109.70.

EPAM Systems (NYSE:EPAM) 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 firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 EPS. 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. Analysts expect that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

EPAM has been the subject of a number of research reports. Truist Financial cut their target price on shares of EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, August 7th. Citigroup dropped their price target on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Morgan Stanley set a $97.00 price objective on shares of EPAM Systems in a report on Friday, August 7th. Wedbush began coverage on shares of EPAM Systems in a research note on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.47.

EPAM Systems Company Profile

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.