New York State Common Retirement Fund Buys 155,456 Shares of EPAM Systems, Inc. $EPAM

New York State Common Retirement Fund increased its position in EPAM Systems, Inc. (NYSE:EPAM) by 130.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 274,452 shares of the information technology services provider’s stock after acquiring an additional 155,456 shares during the period. New York State Common Retirement Fund’s holdings in EPAM Systems were worth $41,385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of EPAM Systems by 10.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,346 shares of the information technology services provider’s stock valued at $1,258,000 after buying an additional 798 shares during the period. Truist Financial Corp grew its stake in shares of EPAM Systems by 17.9% during the 3rd quarter. Truist Financial Corp now owns 2,651 shares of the information technology services provider’s stock valued at $400,000 after acquiring an additional 403 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of EPAM Systems in the third quarter worth approximately $42,000. Vanguard Personalized Indexing Management LLC boosted its holdings in EPAM Systems by 16.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,060 shares of the information technology services provider’s stock worth $763,000 after buying an additional 713 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of EPAM Systems by 20.7% in 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 acquiring an additional 221,544 shares during the period. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Boris Shnayder sold 5,000 shares of EPAM Systems stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the sale, the senior vice president owned 15,645 shares of the company’s stock, valued at $3,238,515. The trade was a 24.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gary C. Abrahams sold 600 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $179.29, for a total value of $107,574.00. Following the transaction, the vice president owned 2,720 shares in the company, valued at approximately $487,668.80. This represents a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,100 shares of company stock valued at $1,597,074. Company insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 0.3%

NYSE EPAM opened at $208.29 on Friday. The stock has a market cap of $11.51 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.51 and a beta of 1.73. 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 company has a fifty day simple moving average of $207.32 and a two-hundred day simple moving average of $177.65. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00.

EPAM Systems (NYSE:EPAM) last posted its quarterly 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. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. EPAM Systems’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period last year, the firm 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 forecast 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 repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on EPAM. TD Cowen reissued a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. JPMorgan Chase & Co. increased their price target on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Zacks Research downgraded shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Mizuho lifted their target price on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Citigroup raised their target price on shares of EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $214.20.

About EPAM Systems

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.