New York State Common Retirement Fund Raises Stock Position in EPAM Systems, Inc. $EPAM

New York State Common Retirement Fund lifted its position in EPAM Systems, Inc. (NYSE:EPAM) by 61.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,996 shares of the information technology services provider’s stock after purchasing an additional 45,106 shares during the period. New York State Common Retirement Fund owned 0.21% of EPAM Systems worth $21,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Schroder Investment Management Group raised its holdings in shares of EPAM Systems by 3.7% in the 2nd quarter. Schroder Investment Management Group now owns 343,842 shares of the information technology services provider’s stock valued at $60,798,000 after purchasing an additional 12,403 shares in the last quarter. Norges Bank purchased a new stake in EPAM Systems during the second quarter worth $137,671,000. Quadrature Capital Ltd bought a new stake in EPAM Systems during the 2nd quarter valued at $2,022,000. Hsbc Holdings PLC raised its position in shares of EPAM Systems by 1.3% in the 2nd quarter. Hsbc Holdings PLC now owns 246,594 shares of the information technology services provider’s stock worth $43,578,000 after acquiring an additional 3,094 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its stake in shares of EPAM Systems by 52.3% during the 2nd quarter. Capital Fund Management S.A. now owns 48,946 shares of the information technology services provider’s stock worth $8,655,000 after purchasing an additional 16,812 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EPAM. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Cowen raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. JPMorgan Chase & Co. lifted their target price on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Morgan Stanley reduced their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Finally, Mizuho upped their price objective on shares of EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. 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 given a Sell rating to the company’s stock. According to MarketBeat, EPAM Systems presently 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 the 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 transaction, the vice president directly owned 2,720 shares of the company’s stock, valued at $487,668.80. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Sergey Yezhkov sold 1,511 shares of the company’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total transaction of $227,057.97. Following the transaction, the senior vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,611 shares of company stock valued at $789,132 in the last three months. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Trading Up 1.8%

Shares of EPAM Systems stock opened at $190.33 on Tuesday. The firm has a 50-day simple moving average of $163.35 and a two-hundred day simple moving average of $166.99. The company has a market cap of $10.51 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM) last posted its 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. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period last year, the firm earned $3.12 EPS. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. As a group, equities analysts predict 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 approved a share repurchase plan on Tuesday, October 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information technology services provider to buy up to 12.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.