Fifth Third Bancorp Sells 75 Shares of EPAM Systems, Inc. $EPAM

Fifth Third Bancorp decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497 shares of the information technology services provider’s stock after selling 75 shares during the period. Fifth Third Bancorp’s holdings in EPAM Systems were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. CHICAGO TRUST Co NA bought a new stake in shares of EPAM Systems during the 2nd quarter valued at about $251,000. Park Avenue Securities LLC bought a new stake in shares of EPAM Systems during the 2nd quarter valued at about $381,000. CX Institutional boosted its position in shares of EPAM Systems by 82.8% during the 2nd quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 207 shares in the last quarter. UMB Bank n.a. boosted its position in shares of EPAM Systems by 275.0% during the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after purchasing an additional 286 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in EPAM Systems by 21.2% in the second quarter. Assenagon Asset Management S.A. now owns 266,367 shares of the information technology services provider’s stock worth $47,099,000 after acquiring an additional 46,649 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $150.65 on Wednesday. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The business has a fifty day moving average price of $161.76 and a 200-day moving average price of $166.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The firm has a market capitalization of $8.39 billion, a P/E ratio of 21.49, a PEG ratio of 2.25 and a beta of 1.66.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $2.45 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. 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, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

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

EPAM Systems 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.