Core Insights - Artisan Partners' "Artisan Mid Cap Fund" demonstrated strong performance in Q3 2025, with returns of 8.80% for both the Investor Class and Advisor Class funds, and 8.83% for the Institutional Class fund, significantly outperforming the Russell Midcap Growth Index's return of 2.78% [1] - The fund's outperformance was primarily driven by holdings in the health care sector [1] Company Summary: Tyler Technologies, Inc. (NYSE: TYL) - Tyler Technologies, Inc. provides integrated information management solutions and services for the public sector, with a market capitalization of $21.72 billion as of October 15, 2025 [2] - The stock experienced a one-month return of -5.28% and a 52-week decline of 14.65% [2] - In Q2 2025, Tyler Technologies reported revenue of $596.1 million, reflecting a 10.2% increase compared to Q2 2024 [4] Investment Positioning - Artisan Mid Cap Fund trimmed its position in Tyler Technologies during Q3 2025, citing that the stock's valuation increasingly reflected the benefits of its transition to cloud-based subscriptions, which has accelerated revenue growth and margin expansion [3] - Despite the trim, the fund continues to hold Tyler Technologies in its portfolio, indicating ongoing confidence in its growth potential [3] - Tyler Technologies is not among the top 30 most popular stocks among hedge funds, with 46 hedge fund portfolios holding the stock at the end of Q2 2025, up from 44 in the previous quarter [4]

Group 1 - Wipro Limited (NYSE:WIT) is recognized as a promising penny stock by hedge funds, with a Buy rating maintained by CLSA analyst Sumeet Jain and a price target set at INR265 as of October 3 [1] - On September 15, Wipro announced an expanded partnership with CrowdStrike to launch Wipro CyberShield MDR, an AI-powered managed security service aimed at enhancing enterprise security operations [2] - The CyberShield MDR utilizes a modern Security Operations Center (SOC) to provide AI-driven automation, improved visibility, and increased efficiency in security operations [3] Group 2 - Wipro operates in various segments, including Information Technology Services, India State Run Enterprise Services, and Information Technology Products, positioning itself as a global player in IT, consulting, and outsourcing [3]

Core Insights - The ISG Index measures the overall health and growth of the technology industry, focusing on managed technology services and cloud-based software and infrastructure services [2] Group 1 - The ISG Index tracks and analyzes annual contract value (ACV) as a leading indicator of future revenues, equating ACV to bookings [2]

Core Insights - The ISG Index measures the overall health and growth of the technology industry, focusing on managed technology services and cloud-based software and infrastructure services [2] Group 1 - The ISG Index tracks and analyzes annual contract value (ACV) as a leading indicator of future revenues, equating ACV to bookings [2]

Core Insights - EPAM Systems, Inc. will host a conference call on November 6, 2025, at 8:00 a.m. ET to discuss its Q3 2025 financial results, with a news release to be issued prior to the call [1] - The company has established itself as a leading global provider of digital engineering, cloud, and AI-enabled transformation services since its inception in 1993 [2] - EPAM leverages AI and GenAI to enhance clients' digital innovation and competitive edge through platforms like EPAM AI/RUN™ and initiatives such as DIALX Lab [3] - The company emphasizes local engagement with expert teams to deliver tailored solutions that improve lives and provide competitive advantages across various industries [4] - EPAM was added to the S&P 500 and Forbes Global 2000 in 2021 and recognized as a top company in Information Technology Services by Fortune 1000 and IDC MarketScapes [5]

Company Overview - EPAM Systems, Inc. is based in Newtown, Pennsylvania, and specializes in digital platform engineering and software development services, with a market cap of $8.7 billion [1] - The company serves a diverse range of industries, including financial services, healthcare, retail, travel, and technology [1] Market Position - EPAM is classified as a mid-cap stock, with its market cap exceeding $2 billion, highlighting its size and influence in the information technology services industry [2] - The company is known for its ability to combine consulting, design, and engineering to provide end-to-end digital transformation solutions, recognized for agility, innovation, and top-tier engineering talent [2] Stock Performance - EPAM shares have decreased 42.7% from their 52-week high of $269, reached on February 18, and have declined 8.3% over the past three months, underperforming the Fidelity MSCI Information Technology Index ETF's (FTEC) 17.6% return [3] - Over the past 52 weeks, EPAM has fallen 22.5%, significantly lagging behind FTEC's 29.3% increase, and on a year-to-date basis, shares are down 34.1%, compared to FTEC's 19.9% rise [4] Recent Financial Performance - Following an impressive Q2 earnings release, EPAM shares surged 4.3% on August 7, with revenue improving 18% year-over-year to $1.4 billion and adjusted EPS advancing 13.1% to $2.77 [5] - The company raised its fiscal 2025 guidance, expecting revenue growth in the range of 13% to 15% and projecting adjusted EPS between $10.96 and $11.12, which has bolstered investor confidence [5] Competitive Analysis - EPAM has outperformed its rival Accenture plc, which experienced a 30.6% drop over the past 52 weeks, although EPAM has lagged behind Accenture's 33.1% loss on a year-to-date basis [6]

Core Company Information - Jack Henry & Associates, Inc. (JKHY) is a leading financial technology and IT services provider for banks, credit unions, and fintechs, founded in 1976 and headquartered in Monett, Missouri [1] - The company has a market capitalization of $11 billion and operates through four main segments: Core, Payments, Complementary, and Corporate & Other [1][2] Stock Performance - JKHY's stock has experienced a decline of 23.5% from its 52-week high of $196, reached on March 10 [3] - Over the past three months, JKHY stock dipped 17.1%, underperforming the Technology Select Sector SPDR Fund (XLK), which returned 15.4% [3] - Year-to-date, JKHY shares have dropped 14.4%, lagging behind XLK's gains of 20.5% [4] - Over the past 52 weeks, JKHY stock fell 14.2%, while XLK achieved returns of 26.2% [4] - JKHY has been trading below its 50-day and 200-day moving averages since the end of July, indicating a bearish trend [4] Dividend and Competitor Comparison - On August 25, JKHY's stock fell 2.3% after the company declared a quarterly dividend of $0.58 per share, payable on September 26 [5] - JKHY's competitor, Fidelity National Information Services, Inc. (FIS), has outperformed JKHY with a 21.5% increase year-to-date and 24.9% gains over the past 52 weeks [5] Analyst Ratings - Wall Street analysts have a cautious outlook on JKHY, with a consensus "Hold" rating from 17 analysts [6] - The mean price target for JKHY is $178.58, suggesting a potential upside of 19% from current price levels [6]

Group 1 - International Business Machines Corporation (IBM) has been experiencing a decline in stock price despite strong earnings and positive commentary, particularly after reaching nearly $300 in early July [1] - Jim Cramer suggests that the recent quarter, while not perfect, presents a buying opportunity, indicating confidence in CEO Arvind Krishna's leadership and the company's valuation at 22 times earnings [1] - IBM offers a variety of integrated services and solutions, including hybrid cloud and AI platforms, as well as server and storage solutions tailored for hybrid cloud environments [2] Group 2 - There is a belief that certain AI stocks may provide greater upside potential and carry less downside risk compared to IBM, indicating a competitive landscape in the AI sector [3]

Core Viewpoint - CACI International Inc has been awarded a five-year task order worth up to $180 million to enhance network operations for the Air Force in the Pacific region, supporting U.S. Indo-Pacific Command [1] Group 1: Contract Details - The task order is valued at up to $180 million [1] - The contract duration is five years [1] Group 2: Objectives and Impact - CACI's efforts will focus on modernizing the Air Force's IT infrastructure [1] - The modernization aims to strengthen mission readiness and defend against cyber threats [1]

Company Overview - CDW Corporation, based in Vernon Hills, Illinois, provides IT solutions across the United States, the United Kingdom, and Canada, with a market cap of $21.5 billion [1][2] Stock Performance - CDW stock has experienced a significant decline of 28.8% from its 52-week high of $230.86 reached on September 20, 2024, and has dropped nearly 6% over the past three months, underperforming the Nasdaq Composite's 12.6% increase during the same period [3] - Over the longer term, CDW stock has decreased by 5.6% in 2025 and 24.9% over the past 52 weeks, while the Nasdaq Composite has gained 14.7% year-to-date and 26% over the past year [4] Financial Performance - In Q2, CDW reported net sales of approximately $6 billion, reflecting a year-over-year increase of 10.2%, which exceeded analysts' expectations by 8.6%. However, there was a slight contraction in gross margins, resulting in a modest 3.9% growth in non-GAAP EPS to $2.60, also surpassing consensus estimates [5] Competitive Position - CDW has outperformed its peer, Gartner, Inc., which has seen a 49% decline year-to-date and a 51.1% drop over the past 52 weeks [6] - Among 12 analysts covering CDW stock, the consensus rating is a "Moderate Buy," with a mean price target of $206.80, indicating a potential upside of 25.9% from current price levels [6]