Norges Bank Buys New Position in EPAM Systems, Inc. $EPAM

Norges Bank purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 778,596 shares of the information technology services provider’s stock, valued at approximately $137,671,000. Norges Bank owned approximately 1.40% of EPAM Systems at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EPAM. Fourth Sail Capital LP lifted its position in shares of 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 valued at $12,678,000 after purchasing an additional 18,700 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in 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 worth $1,299,000 after purchasing an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd increased its stake in EPAM Systems by 12.5% in the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock valued at $3,978,000 after buying an additional 2,500 shares during the last quarter. Liontrust Investment Partners LLP bought a new position in shares of EPAM Systems during the 1st quarter worth approximately $6,486,000. Finally, Leeward Investments LLC MA boosted its stake in shares of EPAM Systems by 16.9% in 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 buying an additional 7,757 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gary C. Abrahams sold 600 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $179.29, for a total transaction of $107,574.00. Following the sale, the vice president directly owned 2,720 shares in the company, valued at $487,668.80. The trade was a 18.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,611 shares of company stock valued at $789,132 over the last quarter. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Up 1.3%

Shares of NYSE EPAM opened at $192.91 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $10.66 billion, a PE ratio of 29.45, a P/E/G ratio of 2.58 and a beta of 1.75. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The business’s fifty day moving average price is $164.13 and its 200-day moving average price is $167.06.

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 the consensus estimate of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $3.12 EPS. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS and its Q4 2025 guidance at 3.100-3.18 EPS. On average, equities research analysts anticipate 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 repurchase program on Tuesday, October 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the information technology services provider to buy up to 12.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EPAM. TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Mizuho lifted their target price on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Morgan Stanley cut 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 report on Tuesday, September 9th. Finally, Citigroup upgraded shares of EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. 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. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and an average target price 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.