EPAM Systems, Inc. $EPAM Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 18.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 205,141 shares of the information technology services provider’s stock after selling 45,805 shares during the quarter. Baird Financial Group Inc.’s holdings in EPAM Systems were worth $34,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems during the 1st quarter valued at about $33,000. CX Institutional purchased a new stake in shares of EPAM Systems during the 1st quarter valued at about $42,000. First Horizon Advisors Inc. raised its holdings in shares of EPAM Systems by 79.5% during the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock valued at $81,000 after buying an additional 213 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of EPAM Systems by 397.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 517 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of EPAM Systems by 149.2% during the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider’s stock valued at $133,000 after buying an additional 470 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

EPAM stock opened at $176.64 on Monday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock’s 50 day moving average is $167.99 and its two-hundred day moving average is $174.24. The company has a market capitalization of $9.84 billion, a PE ratio of 25.20, a P/E/G ratio of 2.56 and a beta of 1.66.

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, topping the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $2.45 EPS. EPAM Systems’s revenue for the quarter was up 18.0% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays raised their target price on EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their target price on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Monday, August 18th. Finally, Morgan Stanley dropped their price objective on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $226.25.

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.