Edgestream Partners L.P. Acquires Shares of 38,201 EPAM Systems, Inc. $EPAM

Edgestream Partners L.P. bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 38,201 shares of the information technology services provider’s stock, valued at approximately $6,755,000. Edgestream Partners L.P. owned approximately 0.07% of EPAM Systems at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fourth Sail Capital LP increased its stake in shares of EPAM Systems by 35.3% in the 2nd quarter. Fourth Sail Capital LP now owns 71,700 shares of the information technology services provider’s stock valued at $12,678,000 after buying an additional 18,700 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in EPAM Systems by 85.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider’s stock valued at $1,299,000 after acquiring an additional 3,275 shares during the last quarter. Pacific Capital Partners Ltd increased its position in EPAM Systems by 12.5% in the second quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock worth $3,978,000 after purchasing an additional 2,500 shares during the period. Liontrust Investment Partners LLP bought a new stake in EPAM Systems during the 1st quarter worth about $6,486,000. Finally, Leeward Investments LLC MA lifted its position in EPAM Systems by 16.9% during the 2nd quarter. Leeward Investments LLC MA now owns 53,725 shares of the information technology services provider’s stock valued at $9,500,000 after purchasing an additional 7,757 shares during the period. 91.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EPAM has been the subject of several analyst reports. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Monday, August 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Citigroup raised EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.81.

EPAM Systems Price Performance

EPAM opened at $190.33 on Tuesday. The stock has a market cap of $10.51 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.36 and a beta of 1.67. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. 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 fifty day simple moving average of $163.35 and a 200 day simple moving average of $166.99.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.06. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company posted $3.12 earnings per share. The company’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. Q4 2025 guidance at 3.100-3.18 EPS. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems announced that its board has approved a stock 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 purchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at EPAM Systems

In other EPAM Systems 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 transaction, the vice president owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Sergey Yezhkov sold 1,511 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 146 shares of the company’s stock, valued at $21,939.42. This trade represents a 91.19% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,611 shares of company stock worth $789,132. 4.30% of the stock is owned by company insiders.

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.