Blue Door Asset Management LLC Takes Position in EPAM Systems, Inc. $EPAM

Blue Door Asset Management LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 66,600 shares of the information technology services provider’s stock, valued at approximately $11,776,000. EPAM Systems comprises approximately 6.1% of Blue Door Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Blue Door Asset Management LLC owned 0.12% of EPAM Systems at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in EPAM Systems in the second quarter valued at about $29,000. Elevation Point Wealth Partners LLC bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $49,000. Blue Trust Inc. raised its position in shares of EPAM Systems by 40.5% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock valued at $59,000 after acquiring an additional 96 shares during the period. Parallel Advisors LLC raised its position in shares of EPAM Systems by 215.5% in the 2nd quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 250 shares during the period. Finally, UMB Bank n.a. boosted its stake in EPAM Systems by 275.0% during the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 286 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Monday, August 18th. Mizuho lifted their target price on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Finally, Cowen raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $208.40.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $211.48 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.75. The stock’s 50-day moving average is $170.38 and its 200-day moving average is $168.11. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $0.06. The business 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 13.16% and a net margin of 7.01%.EPAM Systems’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.12 EPS. 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. Equities analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a share 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 reacquire up to 12.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at EPAM Systems

In other news, VP Gary C. Abrahams sold 600 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $179.29, for a total transaction of $107,574.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the transaction, the senior vice president directly owned 38,124 shares in the company, valued at $6,930,943.20. The trade was a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,611 shares of company stock worth $789,132. Insiders own 4.30% of the company’s stock.

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.