Quadrature Capital Ltd Takes Position in EPAM Systems, Inc. $EPAM

Quadrature Capital Ltd purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,430 shares of the information technology services provider’s stock, valued at approximately $2,022,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in shares of EPAM Systems during the 2nd quarter worth approximately $29,000. Elevation Point Wealth Partners LLC bought a new stake in shares of EPAM Systems during the second quarter valued at approximately $49,000. Blue Trust Inc. grew its stake in EPAM Systems by 40.5% in the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock worth $59,000 after purchasing an additional 96 shares during the period. Parallel Advisors LLC raised its holdings in EPAM Systems by 215.5% in the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock worth $65,000 after purchasing an additional 250 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in EPAM Systems by 275.0% during the second quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after buying an additional 286 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on EPAM. Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Mizuho upped their price objective on shares of EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Morgan Stanley lowered their target price on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $213.81.

Insider Activity

In related news, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sergey Yezhkov sold 1,511 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total transaction of $227,057.97. Following the transaction, the senior vice president owned 146 shares in the company, valued at $21,939.42. This represents a 91.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,611 shares of company stock valued at $789,132 over the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems Trading Up 1.3%

Shares of NYSE EPAM opened at $187.00 on Friday. The firm’s 50 day moving average price is $162.67 and its 200-day moving average price is $167.07. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $10.33 billion, a PE ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. The company 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%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. 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, equities research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its board has authorized a stock repurchase plan on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in 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 plans are typically a sign that the company’s leadership 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.