8,301 Shares in EPAM Systems, Inc. $EPAM Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,301 shares of the information technology services provider’s stock, valued at approximately $1,252,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in EPAM Systems during the 2nd quarter worth approximately $137,671,000. Invesco Ltd. boosted its stake in 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 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 in the second quarter worth $84,456,000. Van Berkom & Associates Inc. grew its holdings in shares of EPAM Systems by 4,413.0% during the third quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider’s stock worth $55,707,000 after purchasing an additional 361,249 shares during the last quarter. Finally, Aikya Investment Management Ltd increased its stake in shares of EPAM Systems by 97.0% in the third quarter. Aikya Investment Management Ltd now owns 704,821 shares of the information technology services provider’s stock valued at $106,280,000 after buying an additional 347,091 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on EPAM shares. TD Cowen reissued a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. Zacks Research cut shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Mizuho raised their price target 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. Wells Fargo & Company upped their price objective on EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. increased their price objective on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.20.

Insider Buying and Selling

In other EPAM Systems news, SVP Boris Shnayder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were 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 of the company’s stock, valued at $3,238,515. The trade was a 24.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Gary C. Abrahams sold 600 shares of the business’s stock in a transaction 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 transaction, the vice president owned 2,720 shares in the company, valued at approximately $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,100 shares of company stock worth $1,597,074. 4.30% of the stock is owned by insiders.

EPAM Systems Price Performance

EPAM opened at $186.71 on Monday. The stock has a market cap of $10.31 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.24 and a beta of 1.72. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $207.64 and a 200 day simple moving average of $178.59.

EPAM Systems (NYSE:EPAM) last posted its 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. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $3.12 EPS. On average, research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems announced that its Board of Directors has initiated 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 typically an indication that the company’s leadership believes its stock is undervalued.

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.