EPAM Systems, Inc. $EPAM Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. reduced its stake in EPAM Systems, Inc. (NYSE:EPAM) by 11.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,990 shares of the information technology services provider’s stock after selling 770 shares during the quarter. GHP Investment Advisors Inc.’s holdings in EPAM Systems were worth $1,059,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new stake in EPAM Systems during the 2nd quarter worth approximately $29,000. Blue Trust Inc. increased its position in shares of EPAM Systems by 40.5% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock valued at $59,000 after purchasing an additional 96 shares during the last quarter. Parallel Advisors LLC increased its position in shares of EPAM Systems by 215.5% in the 2nd quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 250 shares during the last quarter. UMB Bank n.a. increased its position in shares of EPAM Systems by 275.0% in the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after purchasing an additional 286 shares during the last quarter. Finally, CX Institutional increased its position in shares of EPAM Systems by 82.8% in the 2nd quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 207 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 1,511 shares of the firm’s 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 transaction, the senior vice president directly owned 146 shares of the company’s stock, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Down 1.1%

NYSE EPAM opened at $161.66 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The firm’s fifty day moving average price is $157.50 and its 200 day moving average price is $164.91. The company has a market capitalization of $9.00 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 2.36 and a beta of 1.65. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the firm posted $2.45 EPS. EPAM Systems’s revenue for the quarter was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EPAM shares. Morgan Stanley dropped their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 9th. Wells Fargo & Company raised shares of EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. Finally, Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $219.41.

About EPAM Systems

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.