Quantinno Capital Management LP Sells 6,341 Shares of EPAM Systems, Inc. $EPAM

Quantinno Capital Management LP lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,325 shares of the information technology services provider’s stock after selling 6,341 shares during the quarter. Quantinno Capital Management LP’s holdings in EPAM Systems were worth $41,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its stake in shares of EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 127 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after buying an additional 109 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems during the 2nd quarter worth $27,000. 1248 Management LLC bought a new position in EPAM Systems in the 4th quarter valued at $32,000. Finally, Rothschild Investment LLC increased its stake in shares of EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 54 shares during the period. 91.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EPAM shares. TD Cowen cut their price target on EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $85.00 target price on shares of EPAM Systems in a research note on Friday, July 10th. Jefferies Financial Group lowered shares of EPAM Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $130.00 to $110.00 in a report on Friday, May 29th. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and dropped their target price for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Finally, Truist Financial reduced their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $133.50.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $103.93 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The company’s 50 day moving average price is $90.84 and its two-hundred day moving average price is $127.86. The company has a market capitalization of $5.43 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 earnings per share. On average, analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

EPAM Systems Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.