EPAM Systems, Inc. $EPAM Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 24.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,412 shares of the information technology services provider’s stock after purchasing an additional 2,266 shares during the period. Cetera Investment Advisers’ holdings in EPAM Systems were worth $2,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EPAM. IFP Advisors Inc raised 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 buying an additional 69 shares during the period. IFM Investors Pty Ltd increased its position in shares of EPAM Systems by 0.7% in 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 acquiring an additional 76 shares in the last quarter. Wallace Advisory Group LLC raised its holdings 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 valued at $426,000 after acquiring an additional 76 shares during the period. DekaBank Deutsche Girozentrale lifted its position in shares of EPAM Systems by 0.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock valued at $1,866,000 after acquiring an additional 76 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in EPAM Systems by 3.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider’s stock worth $434,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In other EPAM Systems news, VP Gary C. Abrahams sold 600 shares of EPAM Systems stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 2,720 shares in the company, valued at $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the sale, the senior vice president directly owned 146 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 4,611 shares of company stock valued at $789,132. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems Price Performance

EPAM opened at $187.00 on Friday. The stock has a fifty day moving average price of $162.67 and a 200 day moving average price of $167.07. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 1.67.

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 the consensus estimate of $3.02 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $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. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EPAM. Mizuho boosted their target price on shares of EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. upped their price target on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research note on Wednesday, October 8th. Wells Fargo & Company raised EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Citigroup upgraded EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.