First Trust Advisors LP Trims Stake in EPAM Systems, Inc. $EPAM

First Trust Advisors LP cut its position in EPAM Systems, Inc. (NYSE:EPAM) by 44.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,358 shares of the information technology services provider’s stock after selling 78,176 shares during the quarter. First Trust Advisors LP’s holdings in EPAM Systems were worth $13,047,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems in the 2nd quarter valued at about $27,000. Sunbelt Securities Inc. lifted its position in EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 127 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of EPAM Systems in the 2nd quarter valued at approximately $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 purchasing an additional 109 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in shares of EPAM Systems in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $85.00 target price on shares of EPAM Systems in a research note on Friday, July 10th. Wedbush started coverage on shares of EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 price target on the stock. Finally, Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $133.50.

EPAM Systems Stock Down 2.8%

EPAM stock opened at $103.93 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company’s 50 day simple moving average is $90.84 and its 200-day simple moving average is $127.86. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The firm has a market capitalization of $5.43 billion, a PE ratio of 14.91, a P/E/G ratio of 1.01 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.EPAM Systems’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.41 EPS. Equities analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

About EPAM Systems

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.