Strs Ohio Sells 5,702 Shares of EPAM Systems, Inc. $EPAM

Strs Ohio reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 81.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,309 shares of the information technology services provider’s stock after selling 5,702 shares during the period. Strs Ohio’s holdings in EPAM Systems were worth $197,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in shares of EPAM Systems by 8.8% during the second quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock valued at $152,000 after buying an additional 69 shares during the last quarter. CWM LLC raised its position in EPAM Systems by 1.1% in the 3rd quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock valued at $987,000 after buying an additional 71 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake 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 in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in EPAM Systems by 0.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock worth $1,866,000 after acquiring an additional 76 shares during the last quarter. Finally, Wallace Advisory Group LLC grew its stake in shares of EPAM Systems by 3.1% in the 2nd quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock worth $426,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on EPAM shares. Truist Financial assumed coverage on shares of EPAM Systems in a report on Tuesday, January 6th. They set a “hold” rating and a $220.00 price target on the stock. Citigroup boosted their target price on EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Research lowered EPAM Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Wells Fargo & Company lifted their price target on EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, TD Cowen reissued a “buy” rating on shares of EPAM Systems in a research report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.20.

EPAM Systems Trading Up 0.8%

NYSE:EPAM opened at $210.37 on Tuesday. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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’s 50 day moving average is $207.86 and its 200 day moving average is $178.16. The stock has a market capitalization of $11.62 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 2.50 and a beta of 1.72.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $3.12 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. 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. Sell-side analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has initiated a share repurchase 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 repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Transactions at EPAM Systems

In related news, VP Gary C. Abrahams sold 600 shares of EPAM Systems stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $179.29, for a total value of $107,574.00. Following the completion of the transaction, the vice president directly owned 2,720 shares in the company, valued at approximately $487,668.80. The trade was a 18.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were 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 in the company, valued at $6,930,943.20. The trade was a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,100 shares of company stock worth $1,597,074 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.