Allianz Asset Management GmbH Lowers Holdings in EPAM Systems, Inc. $EPAM

Allianz Asset Management GmbH trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM) by 61.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,455 shares of the information technology services provider’s stock after selling 50,422 shares during the quarter. Allianz Asset Management GmbH owned 0.06% of EPAM Systems worth $5,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in EPAM Systems in the second quarter worth about $29,000. Blue Trust Inc. increased its position in shares of EPAM Systems by 40.5% during the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock valued at $59,000 after acquiring an additional 96 shares in the last quarter. Parallel Advisors LLC raised its holdings in EPAM Systems by 215.5% in the 2nd quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 250 shares during the last quarter. UMB Bank n.a. lifted its position in EPAM Systems by 275.0% in the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after acquiring an additional 286 shares in the last quarter. Finally, CX Institutional lifted its position in EPAM Systems by 82.8% in the 2nd quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock valued at $81,000 after acquiring an additional 207 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company started coverage on shares of EPAM Systems in a report on Tuesday. They set an “overweight” rating and a $185.00 price target on the stock. 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 note on Monday, August 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Fourteen analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $219.41.

Insider Buying and Selling

In other news, SVP Sergey Yezhkov sold 1,511 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total value of $227,057.97. Following the transaction, the senior vice president owned 146 shares of the company’s stock, valued at $21,939.42. This trade represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by insiders.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $156.53 on Thursday. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a market capitalization of $8.72 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.65. 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 $158.35 and a 200 day moving average of $163.93.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company 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. On average, research analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has initiated a stock buyback program on Tuesday, October 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.