Legal & General Group Plc Sells 91,860 Shares of EPAM Systems, Inc. $EPAM

Legal & General Group Plc reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 30.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 210,635 shares of the information technology services provider’s stock after selling 91,860 shares during the period. Legal & General Group Plc owned 0.38% of EPAM Systems worth $37,244,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management raised its position in shares of EPAM Systems by 59.1% in the second quarter. MAI Capital Management now owns 4,594 shares of the information technology services provider’s stock valued at $812,000 after purchasing an additional 1,707 shares during the period. Hillsdale Investment Management Inc. bought a new position in EPAM Systems in the 2nd quarter worth approximately $2,582,000. Catalyst Funds Management Pty Ltd purchased a new position in EPAM Systems in the 2nd quarter valued at approximately $469,000. Main Management ETF Advisors LLC raised its holdings in EPAM Systems by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 4,398 shares of the information technology services provider’s stock valued at $778,000 after acquiring an additional 72 shares during the period. Finally, Senvest Management LLC lifted its position in shares of EPAM Systems by 63.1% during the second quarter. Senvest Management LLC now owns 443,606 shares of the information technology services provider’s stock worth $78,438,000 after acquiring an additional 171,645 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EPAM. Weiss Ratings reiterated a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. upped their price target on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Morgan Stanley lowered 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, Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. One 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. Based on data from MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $213.81.

EPAM Systems Stock Performance

NYSE:EPAM opened at $184.69 on Thursday. The stock has a market cap of $10.20 billion, a P/E ratio of 26.35, 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. The business’s 50-day moving average price is $161.47 and its two-hundred day moving average price is $167.09. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

EPAM Systems (NYSE:EPAM) last posted 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. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. EPAM Systems’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.12 earnings per share. 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, equities analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Transactions at EPAM Systems

In other news, VP Gary C. Abrahams sold 600 shares of the firm’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 owned 2,720 shares in the company, valued at approximately $487,668.80. This trade represents a 18.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction on Thursday, November 13th. The stock was 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 of the company’s stock, 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. Insiders have sold 4,611 shares of company stock valued at $789,132 in the last quarter. Insiders own 4.30% of the company’s stock.

EPAM Systems Company 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.