Resona Asset Management Co. Ltd. Lowers Stock Position in EPAM Systems, Inc. $EPAM

Resona Asset Management Co. Ltd. reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 96.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 630 shares of the information technology services provider’s stock after selling 17,265 shares during the period. Resona Asset Management Co. Ltd.’s holdings in EPAM Systems were worth $110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in EPAM Systems by 8.8% in the 2nd quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock valued at $152,000 after buying an additional 69 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in shares of EPAM Systems by 0.7% in the first quarter. IFM Investors Pty Ltd now owns 11,326 shares of the information technology services provider’s stock valued at $1,912,000 after acquiring an additional 76 shares in the last quarter. Wallace Advisory Group LLC increased its position in shares of EPAM Systems by 3.1% during the second quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock valued at $426,000 after acquiring an additional 76 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in EPAM Systems by 0.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock worth $1,866,000 after purchasing an additional 76 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in EPAM Systems by 3.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider’s stock valued at $434,000 after purchasing an additional 80 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at EPAM Systems

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 value of $227,057.97. Following the completion of the transaction, the senior vice president owned 146 shares in the company, valued at $21,939.42. This trade represents a 91.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $179.92 on Thursday. The firm’s 50 day moving average is $157.18 and its 200 day moving average is $165.81. The stock has a market capitalization of $10.02 billion, a P/E ratio of 25.67, a PEG ratio of 2.36 and a beta of 1.67. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

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

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EPAM. Citigroup raised EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of EPAM Systems in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Wells Fargo & Company raised shares of EPAM Systems to a “strong-buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus price target of $213.81.

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.