HighTower Advisors LLC Cuts Position in EPAM Systems, Inc. $EPAM

HighTower Advisors LLC lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,261 shares of the information technology services provider’s stock after selling 294 shares during the period. HighTower Advisors LLC’s holdings in EPAM Systems were worth $2,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sentry Investment Management LLC purchased a new position in shares of EPAM Systems in the 1st quarter worth approximately $33,000. CX Institutional purchased a new position in shares of EPAM Systems in the 1st quarter worth approximately $42,000. First Horizon Advisors Inc. lifted its stake in EPAM Systems by 79.5% in the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 213 shares during the last quarter. IFP Advisors Inc lifted its stake in EPAM Systems by 149.2% in the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 470 shares during the last quarter. Finally, Mufg Securities Americas Inc. purchased a new position in EPAM Systems in the fourth quarter valued at approximately $196,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EPAM. Piper Sandler upped their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, May 9th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday. Scotiabank dropped their price objective on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus dropped their price objective on EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a “hold” rating and a $171.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.25.

EPAM Systems Trading Up 5.0%

Shares of EPAM stock opened at $174.7080 on Friday. The company’s fifty day simple moving average is $167.32 and its two-hundred day simple moving average is $178.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.42 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results 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 firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

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.