Brighton Jones LLC Makes New Investment in EPAM Systems, Inc. $EPAM

Brighton Jones LLC purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the second quarter, HoldingsChannel reports. The institutional investor purchased 1,142 shares of the information technology services provider’s stock, valued at approximately $202,000.

Other large investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of EPAM Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider’s stock worth $1,224,000 after purchasing an additional 1,112 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of EPAM Systems by 85.5% during 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 during the period. Pacific Capital Partners Ltd lifted its stake in shares of EPAM Systems by 12.5% during the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock worth $3,978,000 after purchasing an additional 2,500 shares during the period. Liontrust Investment Partners LLP purchased a new position in shares of EPAM Systems during the 1st quarter worth $6,486,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of EPAM Systems by 6.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 91,941 shares of the information technology services provider’s stock worth $16,257,000 after purchasing an additional 5,689 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EPAM. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a report on Thursday, July 17th. They set a “hold” rating and a $171.00 price objective for the company. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a report on Wednesday, October 22nd. Citigroup upgraded EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. Finally, TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $219.41.

Insider Buying and Selling

In related news, SVP Sergey Yezhkov sold 1,511 shares of the 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 of the company’s stock, valued at approximately $21,939.42. This represents a 91.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 2.7%

Shares of EPAM opened at $163.44 on Friday. The company has a market capitalization of $9.10 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.36 and a beta of 1.65. EPAM Systems, Inc. has a one year low of $138.15 and a one year 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 stock has a 50-day moving average price of $157.72 and a 200 day moving average price of $164.59.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 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 18.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Sell-side analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its board has approved a share buyback program on Tuesday, October 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board 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.