Charles Schwab Investment Management Inc. Increases Stock Holdings in EPAM Systems, Inc. $EPAM

Charles Schwab Investment Management Inc. boosted its stake in EPAM Systems, Inc. (NYSE:EPAM) by 1.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 552,109 shares of the information technology services provider’s stock after buying an additional 8,686 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.99% of EPAM Systems worth $97,624,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EPAM. Brighton Jones LLC bought a new position in shares of EPAM Systems during the fourth quarter valued at about $218,000. Cetera Investment Advisers increased its stake in 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 during the last quarter. Assetmark Inc. lifted its position in shares of EPAM Systems by 18,473.2% during the 1st quarter. Assetmark Inc. now owns 7,615 shares of the information technology services provider’s stock worth $1,286,000 after buying an additional 7,574 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of EPAM Systems by 1,906.5% in the 1st quarter. Federated Hermes Inc. now owns 84,375 shares of the information technology services provider’s stock worth $14,246,000 after buying an additional 80,170 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of EPAM Systems in the first quarter valued at approximately $206,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Trading Up 1.3%

Shares of EPAM opened at $187.00 on Friday. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The business has a 50-day moving average of $162.67 and a 200 day moving average of $167.21. The firm has a market cap of $10.33 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67. 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 issued its 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 during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same quarter last 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. As a group, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its board has authorized a share buyback plan on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information technology services provider to buy up to 12.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EPAM. Morgan Stanley dropped their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of EPAM Systems in a research note on Wednesday, October 8th. Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. JPMorgan Chase & Co. raised their price objective on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Mizuho lifted their price objective on shares of EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.81.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $181.80, for a total transaction of $454,500.00. Following the sale, the senior vice president owned 38,124 shares of the company’s stock, valued at $6,930,943.20. The trade was a 6.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sergey Yezhkov sold 1,511 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total value of $227,057.97. Following the sale, the senior vice president owned 146 shares in the company, valued at approximately $21,939.42. This represents a 91.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,611 shares of company stock worth $789,132. Corporate 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.