Handelsbanken Fonder AB Lowers Position in EPAM Systems, Inc. $EPAM

Handelsbanken Fonder AB decreased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 19.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,900 shares of the information technology services provider’s stock after selling 3,400 shares during the period. Handelsbanken Fonder AB’s holdings in EPAM Systems were worth $2,458,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of EPAM Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,985,172 shares of the information technology services provider’s stock worth $1,235,118,000 after buying an additional 20,921 shares during the last quarter. Invesco Ltd. grew its position in EPAM Systems by 37.1% during the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock valued at $602,674,000 after acquiring an additional 965,089 shares during the period. Ameriprise Financial Inc. increased its stake in EPAM Systems by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock worth $383,267,000 after acquiring an additional 89,418 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of EPAM Systems by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after purchasing an additional 15,936 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in shares of EPAM Systems by 20.9% in the 2nd quarter. William Blair Investment Management LLC now owns 841,922 shares of the information technology services provider’s stock valued at $148,869,000 after purchasing an additional 145,411 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. TD Cowen raised shares of 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. Finally, Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $213.81.

EPAM Systems Trading Up 1.2%

NYSE EPAM opened at $185.52 on Wednesday. The company’s fifty day simple moving average is $160.85 and its 200-day simple moving average is $166.97. The stock has a market cap of $10.25 billion, a P/E ratio of 26.46, a PEG ratio of 2.36 and a beta of 1.67. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week 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 issued its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. The firm had revenue of $1.39 billion for 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 was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Equities research analysts predict 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 plan on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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. Also, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the sale, the senior vice president owned 38,124 shares in the company, valued at $6,930,943.20. This represents a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,611 shares of company stock worth $789,132. 4.30% of the stock is currently owned by corporate insiders.

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.