EPAM Systems, Inc. $EPAM Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,418,287 shares of the information technology services provider’s stock after purchasing an additional 15,936 shares during the quarter. Geode Capital Management LLC’s holdings in EPAM Systems were worth $250,752,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Invesco Ltd. increased its stake in EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock valued at $602,674,000 after buying an additional 965,089 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock valued at $123,232,000 after acquiring an additional 699,877 shares in the last quarter. ARGA Investment Management LP acquired a new position in shares of EPAM Systems during the second quarter valued at approximately $84,456,000. Fiera Capital Corp bought a new stake in EPAM Systems during the first quarter worth approximately $31,332,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in EPAM Systems by 78.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 376,674 shares of the information technology services provider’s stock worth $66,603,000 after purchasing an additional 165,306 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity

In related news, SVP Sergey Yezhkov sold 1,511 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 146 shares of the company’s stock, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $181.80, for a total transaction of $454,500.00. Following the sale, the senior vice president directly owned 38,124 shares in the company, valued at approximately $6,930,943.20. This trade represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $179.00 on Monday. The stock’s fifty day simple moving average is $157.62 and its 200 day simple moving average is $166.16. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.36 and a beta of 1.67. 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 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results 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 return on equity of 14.00% and a net margin of 7.91%.EPAM Systems’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems announced that its Board of Directors has approved a stock buyback program on Tuesday, October 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the information technology services provider to buy up to 12.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

EPAM has been the topic of several research analyst reports. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Morgan Stanley dropped their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.81.

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.