Assenagon Asset Management S.A. Trims Stock Holdings in EPAM Systems, Inc. $EPAM

Assenagon Asset Management S.A. lessened its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 77.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,087 shares of the information technology services provider’s stock after selling 207,280 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of EPAM Systems worth $8,910,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of EPAM Systems in the 2nd quarter worth approximately $137,671,000. Alyeska Investment Group L.P. raised its position in EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock valued at $123,232,000 after purchasing an additional 699,877 shares during the period. Invesco Ltd. lifted its stake in EPAM Systems by 14.9% during the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after purchasing an additional 533,292 shares in the last quarter. ARGA Investment Management LP acquired a new position in EPAM Systems during the second quarter worth $84,456,000. Finally, Federated Hermes Inc. boosted its position in shares of EPAM Systems by 293.9% during the second quarter. Federated Hermes Inc. now owns 332,381 shares of the information technology services provider’s stock worth $58,772,000 after buying an additional 248,006 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 1.1%

EPAM stock opened at $209.26 on Friday. The company’s 50 day moving average price is $178.49 and its 200 day moving average price is $169.78. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 2.83 and a beta of 1.75. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm earned $3.12 earnings per share. The firm’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. On average, equities research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently issued reports on EPAM. Morgan Stanley cut their price objective 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. Wells Fargo & Company raised EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 15th. Finally, Mizuho lifted their price objective on shares of EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $208.40.

Insider Activity

In related news, SVP Viktar Dvorkin sold 2,500 shares of the stock in a transaction 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 owned 38,124 shares of the company’s stock, valued at $6,930,943.20. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Gary C. Abrahams sold 600 shares of the firm’s stock in a transaction 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 owned 2,720 shares in the company, valued at approximately $487,668.80. This represents a 18.07% 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 9,611 shares of company stock worth $1,824,132. 4.30% of the stock is currently owned by company insiders.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.