EPAM Systems, Inc. $EPAM Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 39.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,781 shares of the information technology services provider’s stock after selling 40,898 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of EPAM Systems worth $11,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of EPAM Systems during the 4th quarter valued at about $218,000. Envestnet Asset Management Inc. raised its holdings in shares of EPAM Systems by 48.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 105,580 shares of the information technology services provider’s stock worth $17,826,000 after purchasing an additional 34,260 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in EPAM Systems by 119.2% during the first quarter. Nisa Investment Advisors LLC now owns 1,975 shares of the information technology services provider’s stock valued at $333,000 after purchasing an additional 1,074 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in EPAM Systems by 71.4% during the first quarter. New York State Common Retirement Fund now owns 73,890 shares of the information technology services provider’s stock worth $12,476,000 after buying an additional 30,778 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in EPAM Systems by 98.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after buying an additional 809,423 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EPAM shares. Morgan Stanley dropped their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 target price on the stock. TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. upped their target price on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Mizuho lifted their price target on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average price target of $213.81.

Insider Buying and Selling

In other EPAM Systems 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 transaction of $227,057.97. Following the completion of the sale, the senior vice president directly owned 146 shares in the company, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $179.92 on Thursday. The company’s fifty day moving average is $157.18 and its two-hundred day moving average is $165.81. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a market cap of $10.02 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67.

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

EPAM Systems declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 12.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are 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.