Truist Financial Corp Sells 359 Shares of EPAM Systems, Inc. $EPAM

Truist Financial Corp lessened its position in EPAM Systems, Inc. (NYSE:EPAM) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,248 shares of the information technology services provider’s stock after selling 359 shares during the period. Truist Financial Corp’s holdings in EPAM Systems were worth $397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of EPAM Systems during the fourth quarter worth about $218,000. Fifth Third Bancorp boosted its position in EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider’s stock worth $265,000 after buying an additional 91 shares during the period. Exchange Traded Concepts LLC boosted its position in EPAM Systems by 32.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 920 shares of the information technology services provider’s stock worth $155,000 after buying an additional 228 shares during the period. State of Alaska Department of Revenue raised its stake in shares of EPAM Systems by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 6,645 shares of the information technology services provider’s stock valued at $1,121,000 after acquiring an additional 175 shares during the last quarter. Finally, Norris Perne & French LLP MI raised its stake in shares of EPAM Systems by 3.2% during the first quarter. Norris Perne & French LLP MI now owns 117,339 shares of the information technology services provider’s stock valued at $19,812,000 after acquiring an additional 3,604 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.6%

NYSE EPAM opened at $142.06 on Friday. The stock has a market capitalization of $7.91 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.07 and a beta of 1.65. The business has a 50 day simple moving average of $158.79 and a 200 day simple moving average of $164.18. 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 one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.61 by $0.16. The company had revenue of $1.35 billion during 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 quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.45 EPS. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analysts Set New Price Targets

EPAM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 price objective for the company. 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 research report on Monday, August 18th. Morgan Stanley reduced their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Cowen raised EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.