ARGA Investment Management LP Reduces Stock Position in EPAM Systems, Inc. $EPAM

ARGA Investment Management LP lessened its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 58.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,662 shares of the information technology services provider’s stock after selling 280,976 shares during the period. EPAM Systems comprises approximately 0.8% of ARGA Investment Management LP’s holdings, making the stock its 27th largest holding. ARGA Investment Management LP owned about 0.35% of EPAM Systems worth $29,655,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new position in EPAM Systems in the second quarter worth $27,000. Sound Income Strategies LLC bought a new position in EPAM Systems in the 2nd quarter valued at approximately $29,000. MUFG Securities EMEA plc bought a new stake in EPAM Systems in the 2nd quarter worth about $30,000. Manning & Napier Advisors LLC bought a new stake in EPAM Systems in the 3rd quarter worth approximately $25,000. Finally, True Wealth Design LLC increased its position in EPAM Systems by 1,870.0% during the third quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EPAM shares. Mizuho boosted their price objective on EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Truist Financial started coverage on EPAM Systems in a research note on Tuesday, January 6th. They issued a “hold” rating and a $220.00 price objective on the stock. JPMorgan Chase & Co. increased their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Finally, Zacks Research upgraded EPAM Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.53.

Insider Activity

In other EPAM Systems news, SVP Viktar Dvorkin sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was 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 owned 38,124 shares of the company’s stock, valued at $6,930,943.20. This trade represents a 6.15% 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, VP Gary C. Abrahams sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $179.29, for a total transaction of $107,574.00. Following the completion of the transaction, 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. Insiders sold 8,100 shares of company stock worth $1,597,074 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Down 0.3%

Shares of EPAM stock opened at $218.35 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $203.78 and a 200 day moving average of $176.31. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock has a market cap of $12.06 billion, a P/E ratio of 33.34, a P/E/G ratio of 2.73 and a beta of 1.73.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results 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. The firm had revenue of $1.39 billion during 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 in the previous year, the business 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. As a group, sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its Board of Directors has approved a share repurchase program on Tuesday, October 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information technology services provider to buy up to 12.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

EPAM Systems Profile

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.