EPAM Systems, Inc. $EPAM Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 31.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 80,045 shares of the information technology services provider’s stock after selling 37,169 shares during the period. Norris Perne & French LLP MI’s holdings in EPAM Systems were worth $12,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EPAM. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems in the second quarter valued at $27,000. Sound Income Strategies LLC acquired a new position in EPAM Systems in the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new position in EPAM Systems in the 2nd quarter valued at about $30,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of EPAM Systems during the 2nd quarter worth about $49,000. Finally, Blue Trust Inc. grew its holdings in shares of EPAM Systems by 40.5% during the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock worth $59,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 1.1%

EPAM stock opened at $211.41 on Monday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.86 and a beta of 1.75. The business has a fifty day simple moving average of $185.00 and a 200-day simple moving average of $170.89. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week 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, beating analysts’ consensus estimates of $3.02 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.12 earnings per share. 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, equities research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems announced that its Board of Directors has initiated a stock repurchase plan 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at EPAM Systems

In related news, VP Gary C. Abrahams sold 600 shares of the stock in a transaction that occurred 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 sale, the vice president owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. This represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Boris Shnayder sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 15,645 shares in the company, valued at $3,238,515. The trade was a 24.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,611 shares of company stock worth $1,824,132 over the last 90 days. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Morgan Stanley reduced 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 note on Tuesday, September 9th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Mizuho lifted their price objective on EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price target on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $208.40.

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.