EPAM Systems, Inc. $EPAM Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. raised its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 20.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,293,857 shares of the information technology services provider’s stock after buying an additional 221,544 shares during the quarter. Baillie Gifford & Co. owned about 2.32% of EPAM Systems worth $195,101,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in EPAM Systems in the 2nd quarter valued at about $137,671,000. Invesco Ltd. raised its position in shares of EPAM Systems by 14.9% in the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock valued at $725,455,000 after buying an additional 533,292 shares during the last quarter. ARGA Investment Management LP purchased a new position in shares of EPAM Systems during the second quarter valued at approximately $84,456,000. Federated Hermes Inc. boosted its position in 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 acquiring an additional 248,006 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in EPAM Systems by 57.3% in the 2nd quarter. Bank of America Corp DE now owns 485,469 shares of the information technology services provider’s stock worth $85,841,000 after acquiring an additional 176,772 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Down 0.3%

Shares of EPAM opened at $218.35 on Friday. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The stock’s 50-day moving average is $203.78 and its two-hundred day moving average is $176.31. 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 stock has a market cap of $12.06 billion, a PE 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 earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, beating the consensus estimate of $3.02 by $0.06. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The company’s revenue was up 19.4% on a year-over-year basis. During the same period last year, the business posted $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 forecast 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 initiated a share buyback program on Tuesday, October 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 12.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Citigroup raised shares of EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. Mizuho boosted their price objective 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. TD Cowen reaffirmed a “buy” rating on shares of EPAM Systems in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted 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. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $210.53.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Boris Shnayder sold 5,000 shares of EPAM Systems stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the sale, the senior vice president directly owned 15,645 shares in the company, valued at $3,238,515. The trade was a 24.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems 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 approximately $6,930,943.20. This trade represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 8,100 shares of company stock valued at $1,597,074. Insiders own 4.30% of the company’s stock.

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.