Credit Capital Investments LLC Takes $407,000 Position in EPAM Systems, Inc. $EPAM

Credit Capital Investments LLC purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,300 shares of the information technology services provider’s stock, valued at approximately $407,000. EPAM Systems makes up 0.6% of Credit Capital Investments LLC’s holdings, making the stock its 23rd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourth Sail Capital LP lifted its position in EPAM Systems by 35.3% during the second quarter. Fourth Sail Capital LP now owns 71,700 shares of the information technology services provider’s stock worth $12,678,000 after purchasing an additional 18,700 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of EPAM Systems by 85.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider’s stock valued at $1,299,000 after buying an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd lifted its holdings in shares of EPAM Systems by 12.5% during the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock worth $3,978,000 after acquiring an additional 2,500 shares during the period. Liontrust Investment Partners LLP acquired a new stake in shares of EPAM Systems during the 1st quarter worth approximately $6,486,000. Finally, Leeward Investments LLC MA boosted its position in shares of EPAM Systems by 16.9% during the 2nd quarter. Leeward Investments LLC MA now owns 53,725 shares of the information technology services provider’s stock worth $9,500,000 after acquiring an additional 7,757 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In related news, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the sale, the senior vice president owned 146 shares of the company’s stock, valued at $21,939.42. The trade was a 91.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley cut their target price 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. Citigroup raised EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho increased their target price on shares of EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.81.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $179.92 on Thursday. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.36 and a beta of 1.67. 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 business’s 50-day moving average price is $157.18 and its 200-day moving average price is $165.81. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $3.12 EPS. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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

EPAM Systems Profile

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.