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 the company in its most recent Form 13F filing with the SEC. The firm owned 304,325 shares of the information technology services provider’s stock after selling 6,341 shares during the period. Quantinno Capital Management LP owned about 0.58% of EPAM Systems worth $41,206,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EPAM. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems in the 2nd quarter valued at approximately $27,000. Sunbelt Securities Inc. grew its holdings in shares of EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of EPAM Systems during the 2nd quarter worth approximately $30,000. Sound Income Strategies LLC increased its position in shares of EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the period. Finally, 1248 Management LLC acquired a new position in shares of EPAM Systems in the fourth quarter valued at $32,000. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

NYSE:EPAM opened at $103.93 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm has a market cap of $5.43 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month 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.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EPAM shares. Guggenheim decreased their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $110.00 in a report on Friday, May 29th. TD Cowen decreased their target price on shares of EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a research report on Friday, May 8th. Finally, The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and cut their price target for the stock from $215.00 to $110.00 in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $133.50.

About EPAM Systems

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.