Distillate Capital Partners LLC Trims Stock Holdings in EPAM Systems, Inc. $EPAM

Distillate Capital Partners LLC reduced its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,728 shares of the information technology services provider’s stock after selling 5,718 shares during the period. Distillate Capital Partners LLC owned 0.14% of EPAM Systems worth $13,567,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in EPAM Systems by 37.1% in the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after acquiring an additional 965,089 shares in the last quarter. Norges Bank bought a new position in shares of EPAM Systems in the second quarter worth approximately $137,671,000. Alyeska Investment Group L.P. increased its stake in shares of EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock worth $123,232,000 after purchasing an additional 699,877 shares in the last quarter. ARGA Investment Management LP bought a new stake in shares of EPAM Systems during the 2nd quarter valued at $84,456,000. Finally, Senvest Management LLC lifted its stake in shares of EPAM Systems by 63.1% during the 2nd quarter. Senvest Management LLC now owns 443,606 shares of the information technology services provider’s stock valued at $78,438,000 after buying an additional 171,645 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EPAM. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their target price on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley lowered their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Citigroup raised shares of EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $213.81.

Insider Transactions at EPAM Systems

In other EPAM Systems news, VP Gary C. Abrahams sold 600 shares of EPAM Systems stock in a transaction on 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 directly owned 2,720 shares of the company’s stock, valued at $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sergey Yezhkov sold 1,511 shares of the stock in a transaction on 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 directly owned 146 shares in the company, valued at approximately $21,939.42. This represents a 91.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,611 shares of company stock worth $789,132. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Stock Performance

EPAM Systems stock opened at $190.33 on Tuesday. The company’s 50-day moving average price is $163.35 and its 200-day moving average price is $166.99. 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 market cap of $10.51 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month 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 analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $3.12 EPS. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. On average, equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

EPAM Systems 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.