Korea Investment CORP Sells 36,159 Shares of EPAM Systems, Inc. $EPAM

Korea Investment CORP trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM) by 93.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,657 shares of the information technology services provider’s stock after selling 36,159 shares during the period. Korea Investment CORP’s holdings in EPAM Systems were worth $470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in EPAM Systems in the fourth quarter valued at about $218,000. Cetera Investment Advisers boosted its holdings in shares of EPAM Systems by 70.8% in the 1st quarter. Cetera Investment Advisers now owns 9,146 shares of the information technology services provider’s stock valued at $1,544,000 after buying an additional 3,791 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of EPAM Systems in the 1st quarter worth approximately $206,000. Natixis Advisors LLC raised its stake in shares of EPAM Systems by 10.7% during the 1st quarter. Natixis Advisors LLC now owns 14,206 shares of the information technology services provider’s stock worth $2,399,000 after acquiring an additional 1,369 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of EPAM Systems during the 1st quarter worth approximately $658,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Gary C. Abrahams sold 600 shares of the company’s stock in a transaction 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 sale, the vice president directly owned 2,720 shares of the company’s stock, valued at $487,668.80. This represents a 18.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 2,500 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total transaction of $454,500.00. Following the completion of the sale, the senior vice president owned 38,124 shares in the company, valued at $6,930,943.20. The trade was a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,611 shares of company stock worth $789,132. 4.30% of the stock is owned by company insiders.

EPAM Systems Price Performance

Shares of EPAM opened at $192.91 on Wednesday. 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 company’s fifty day moving average price is $164.13 and its 200-day moving average price is $167.06. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a market capitalization of $10.66 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.58 and a beta of 1.75.

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 for the quarter, beating the consensus estimate of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $3.12 EPS. The company’s quarterly revenue 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 and its Q4 2025 guidance at 3.100-3.18 EPS. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its board has initiated a share repurchase plan on Tuesday, October 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on EPAM shares. JPMorgan Chase & Co. raised their target price on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a report on Monday, August 18th. Citigroup raised EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Wells Fargo & Company raised EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.81.

EPAM Systems Company 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.