EPAM Systems (NYSE:EPAM) SVP Sells $1,035,000.00 in Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Boris Shnayder sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the completion of the transaction, the senior vice president owned 15,645 shares in the company, valued at $3,238,515. This represents a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

EPAM Systems Trading Down 0.4%

EPAM Systems stock traded down $0.85 during mid-day trading on Thursday, hitting $210.87. The company’s stock had a trading volume of 730,731 shares, compared to its average volume of 790,807. The stock’s fifty day moving average is $170.38 and its two-hundred day moving average is $168.11. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $11.65 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.82 and a beta of 1.75. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, beating the consensus estimate of $3.02 by $0.06. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.12 EPS. 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, 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 outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Morgan Stanley dropped their target price on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Finally, Weiss Ratings upgraded shares of EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.40.

Institutional Investors Weigh In On EPAM Systems

Several institutional investors have recently modified their holdings of EPAM. Vanguard Group Inc. lifted its holdings in EPAM Systems by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after buying an additional 29,763 shares during the last quarter. Invesco Ltd. lifted its stake in EPAM Systems by 14.9% during the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after purchasing an additional 533,292 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after purchasing an additional 596,760 shares in the last quarter. Geode Capital Management LLC increased its stake in EPAM Systems by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock valued at $250,752,000 after purchasing an additional 15,936 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in EPAM Systems by 20.7% during the third quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after purchasing an additional 221,544 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.