State Street Corp Sells 277,105 Shares of EPAM Systems, Inc. $EPAM

State Street Corp reduced its stake in EPAM Systems, Inc. by 12.4% in the second quarter, selling 277,105 shares but still retaining 1.96 million shares valued at $155.2 million. Institutional investors collectively own 91.58% of the company, which has a consensus "Hold" rating from analysts with a price target of $116.47. EPAM reported strong quarterly earnings, beating estimates with an EPS of $3.38 and revenue of $1.41 billion.