Swiss National Bank Sells 52,008 Shares of EPAM Systems, Inc. $EPAM

Swiss National Bank lowered its stake in EPAM Systems, Inc. (NYSE:EPAM) by 32.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,992 shares of the information technology services provider’s stock after selling 52,008 shares during the quarter. Swiss National Bank owned about 0.19% of EPAM Systems worth $19,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EPAM. IFP Advisors Inc increased its holdings in EPAM Systems by 8.8% during the 2nd quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock worth $152,000 after purchasing an additional 69 shares in the last quarter. Main Management ETF Advisors LLC lifted its holdings in shares of EPAM Systems by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 4,398 shares of the information technology services provider’s stock valued at $778,000 after purchasing an additional 72 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of EPAM Systems by 0.7% during the first quarter. IFM Investors Pty Ltd now owns 11,326 shares of the information technology services provider’s stock worth $1,912,000 after buying an additional 76 shares during the period. Wallace Advisory Group LLC boosted its position in shares of EPAM Systems by 3.1% during the second quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock worth $426,000 after buying an additional 76 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of EPAM Systems by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock worth $1,866,000 after buying an additional 76 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a report on Wednesday, October 22nd. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Monday, August 18th. Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. One 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 given a Sell rating to the stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and an average target price of $213.81.

EPAM Systems Stock Down 0.6%

Shares of EPAM stock opened at $184.69 on Thursday. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.36 and a beta of 1.67. The firm’s 50-day moving average is $161.47 and its 200-day moving average is $167.09. 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 announced its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business’s 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. Q4 2025 guidance at 3.100-3.18 EPS. Sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its board has authorized a stock buyback 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 repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at EPAM Systems

In other EPAM Systems news, VP Gary C. Abrahams sold 600 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was 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 $487,668.80. This trade represents a 18.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sergey Yezhkov sold 1,511 shares of the company’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 completion of the transaction, the senior vice president owned 146 shares in the company, valued at approximately $21,939.42. This represents a 91.19% decrease in their ownership of the stock. 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. Company insiders own 4.30% of the company’s stock.

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.