HighTower Advisors LLC Sells 294 Shares of EPAM Systems, Inc. $EPAM

HighTower Advisors LLC lowered its position in EPAM Systems, Inc. (NYSE:EPAM) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,261 shares of the information technology services provider’s stock after selling 294 shares during the quarter. HighTower Advisors LLC’s holdings in EPAM Systems were worth $2,577,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Brighton Jones LLC purchased a new position in EPAM Systems in the fourth quarter worth $218,000. Mariner LLC grew its position in EPAM Systems by 26.7% in the fourth quarter. Mariner LLC now owns 2,848 shares of the information technology services provider’s stock worth $666,000 after acquiring an additional 600 shares in the last quarter. Dimensional Fund Advisors LP grew its position in EPAM Systems by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 349,739 shares of the information technology services provider’s stock worth $81,782,000 after acquiring an additional 2,932 shares in the last quarter. MetLife Investment Management LLC grew its position in EPAM Systems by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 15,125 shares of the information technology services provider’s stock worth $3,537,000 after acquiring an additional 188 shares in the last quarter. Finally, State of Tennessee Department of Treasury grew its position in EPAM Systems by 32.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 22,079 shares of the information technology services provider’s stock worth $5,163,000 after acquiring an additional 5,352 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

EPAM Systems stock opened at $174.7080 on Friday. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $167.32 and a 200-day moving average of $178.54. The firm has a market cap of $9.73 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.42 and a beta of 1.67. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EPAM. Scotiabank cut their target price on shares of EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. Wall Street Zen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley cut their price target on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a research report on Thursday, July 17th. They set a “hold” rating and a $171.00 price target for the company. Finally, TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $226.25.

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.