Baird Financial Group Inc. Decreases Stake in EPAM Systems, Inc. $EPAM

Baird Financial Group Inc. reduced its position in EPAM Systems, Inc. (NYSE:EPAM) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 190,064 shares of the information technology services provider’s stock after selling 15,077 shares during the period. Baird Financial Group Inc. owned 0.34% of EPAM Systems worth $33,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP raised its position in shares of EPAM Systems by 132.0% in the second quarter. First Trust Advisors LP now owns 117,320 shares of the information technology services provider’s stock valued at $20,745,000 after purchasing an additional 66,752 shares during the period. Invesco Ltd. boosted its holdings in EPAM Systems by 14.9% in the 2nd quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after buying an additional 533,292 shares during the period. PharVision Advisers LLC purchased a new position in EPAM Systems in the 2nd quarter valued at approximately $327,000. Arrowstreet Capital Limited Partnership raised its holdings in EPAM Systems by 57.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 322,650 shares of the information technology services provider’s stock valued at $57,051,000 after acquiring an additional 117,761 shares during the period. Finally, M&T Bank Corp lifted its position in shares of EPAM Systems by 27.4% during the second quarter. M&T Bank Corp now owns 2,052 shares of the information technology services provider’s stock worth $363,000 after acquiring an additional 441 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Up 0.9%

Shares of EPAM Systems stock opened at $203.25 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The firm has a market cap of $11.23 billion, a PE ratio of 31.03, a PEG ratio of 2.73 and a beta of 1.75. The company has a 50 day simple moving average of $167.05 and a two-hundred day simple moving average of $167.66.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company posted $3.12 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS and its Q4 2025 guidance at 3.100-3.18 EPS. Analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems announced that its Board of Directors has authorized a stock repurchase 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 purchase up to 12.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other EPAM Systems news, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction that occurred 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 transaction, the senior vice president directly owned 146 shares of the company’s stock, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Viktar Dvorkin sold 2,500 shares of the company’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 completion of the sale, the senior vice president directly owned 38,124 shares of the company’s stock, valued at $6,930,943.20. This trade represents a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,611 shares of company stock valued at $789,132 over the last 90 days. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Citigroup raised EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Monday, August 18th. Finally, Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus price target of $208.40.

EPAM Systems 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.