Ethic Inc. Cuts Stake in EPAM Systems, Inc. $EPAM

Ethic Inc. lowered its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 46.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,324 shares of the information technology services provider’s stock after selling 1,151 shares during the period. Ethic Inc.’s holdings in EPAM Systems were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of EPAM Systems by 18.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider’s stock worth $1,224,000 after purchasing an additional 1,112 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of EPAM Systems by 85.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider’s stock worth $1,299,000 after purchasing an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd boosted its position in EPAM Systems by 12.5% during the second quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock worth $3,978,000 after acquiring an additional 2,500 shares during the last quarter. Liontrust Investment Partners LLP acquired a new position in EPAM Systems during the first quarter worth about $6,486,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in EPAM Systems by 6.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 91,941 shares of the information technology services provider’s stock worth $16,257,000 after acquiring an additional 5,689 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on EPAM. Morgan Stanley lowered their price target 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. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. lowered their price target on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Finally, TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $219.41.

Insider Activity

In other news, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the sale, the senior vice president directly owned 146 shares of the company’s stock, valued at approximately $21,939.42. The trade was a 91.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

NYSE:EPAM opened at $159.42 on Friday. 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 has a market capitalization of $8.88 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.36 and a beta of 1.65. The company’s 50-day moving average is $157.94 and its two-hundred day moving average is $164.51. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00.

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

EPAM Systems announced that its board has initiated a share repurchase 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 a sign that the company’s board believes its shares are undervalued.

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.