West Michigan Advisors LLC Acquires New Holdings in EPAM Systems, Inc. $EPAM

West Michigan Advisors LLC acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,258 shares of the information technology services provider’s stock, valued at approximately $222,000.

Several other institutional investors also recently bought and sold shares of the business. Invesco Ltd. grew its holdings in EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after purchasing an additional 965,089 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in EPAM Systems by 4.1% in 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 purchasing an additional 89,418 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after purchasing an additional 809,423 shares during the last quarter. Ninety One UK Ltd purchased a new position in EPAM Systems in the first quarter worth $186,280,000. Finally, William Blair Investment Management LLC grew its holdings in EPAM Systems by 20.9% in the second quarter. William Blair Investment Management LLC now owns 841,922 shares of the information technology services provider’s stock worth $148,869,000 after purchasing an additional 145,411 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EPAM Systems

In related news, 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EPAM shares. Wells Fargo & Company raised shares of EPAM Systems to a “strong-buy” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Finally, Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $219.41.

EPAM Systems Stock Up 1.5%

EPAM opened at $159.15 on Friday. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. 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 company has a 50-day moving average price of $158.32 and a 200 day moving average price of $164.13. The company has a market cap of $8.86 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.27 and a beta of 1.65.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. 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 expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the information technology services provider to buy up to 12.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.