Sumitomo Mitsui DS Asset Management Company Ltd Cuts Position in EPAM Systems, Inc. $EPAM

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 80.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,167 shares of the information technology services provider’s stock after selling 4,921 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in EPAM Systems were worth $206,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EPAM. Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the first quarter valued at about $33,000. CX Institutional bought a new position in EPAM Systems in the first quarter worth about $42,000. Parallel Advisors LLC increased its stake in shares of EPAM Systems by 215.5% during the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 250 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of EPAM Systems by 79.5% during 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 in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of EPAM Systems by 397.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 517 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Up 0.3%

EPAM stock opened at $156.73 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a market cap of $8.73 billion, a PE ratio of 22.36, a P/E/G ratio of 2.27 and a beta of 1.66. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The firm’s fifty day moving average is $163.29 and its 200 day moving average is $167.71.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same period last 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. On average, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EPAM shares. Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Monday, August 18th. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Morgan Stanley decreased their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $224.06.

About EPAM Systems

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.