Aikya Investment Management Ltd Purchases 347,091 Shares of EPAM Systems, Inc. $EPAM

Aikya Investment Management Ltd grew its position in EPAM Systems, Inc. (NYSE:EPAM) by 97.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 704,821 shares of the information technology services provider’s stock after acquiring an additional 347,091 shares during the period. EPAM Systems comprises about 29.8% of Aikya Investment Management Ltd’s portfolio, making the stock its 2nd largest holding. Aikya Investment Management Ltd’s holdings in EPAM Systems were worth $106,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc boosted its holdings in shares of EPAM Systems by 8.8% during the 2nd quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock worth $152,000 after buying an additional 69 shares during the period. CWM LLC grew its holdings in shares of EPAM Systems by 1.1% during the 3rd quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock worth $987,000 after purchasing an additional 71 shares in the last quarter. Main Management ETF Advisors LLC lifted its holdings in shares of 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 worth $778,000 after acquiring an additional 72 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in EPAM Systems by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock worth $1,866,000 after purchasing an additional 76 shares during the last quarter. Finally, Wallace Advisory Group LLC lifted its position in shares of EPAM Systems by 3.1% during the 2nd quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock worth $426,000 after buying an additional 76 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of EPAM Systems in a research report on Friday, January 9th. Citigroup lifted their target price on EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their target price on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Truist Financial began coverage on shares of EPAM Systems in a research note on Tuesday, January 6th. They set a “hold” rating and a $220.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and a consensus price target of $214.20.

Insider Buying and Selling

In related news, VP Gary C. Abrahams sold 600 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $179.29, for a total transaction of $107,574.00. Following the completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 2,500 shares of the stock in a transaction that occurred 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 transaction, 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. In the last ninety days, insiders have sold 8,100 shares of company stock valued at $1,597,074. 4.30% of the stock is owned by insiders.

EPAM Systems Price Performance

EPAM opened at $208.29 on Friday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. The firm’s fifty day moving average price is $207.32 and its two-hundred day moving average price is $177.76. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 2.51 and a beta of 1.73.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data 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 firm 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%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the business 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. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its board has approved a share buyback program on Tuesday, October 21st that authorizes the company to repurchase $1.00 billion in 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 programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.