Federated Hermes Inc. Decreases Stake in EPAM Systems, Inc. $EPAM

Federated Hermes Inc. decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 28.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,428 shares of the information technology services provider’s stock after selling 94,953 shares during the quarter. Federated Hermes Inc. owned about 0.43% of EPAM Systems worth $35,802,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EPAM. IFP Advisors Inc grew its stake in EPAM Systems by 8.8% during the 2nd quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock valued at $152,000 after acquiring an additional 69 shares in the last quarter. CWM LLC boosted its holdings in shares of EPAM Systems by 1.1% during the 3rd quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock worth $987,000 after purchasing an additional 71 shares during the last quarter. Main Management ETF Advisors LLC grew its position in shares of EPAM Systems by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 4,398 shares of the information technology services provider’s stock valued at $778,000 after purchasing an additional 72 shares in the last quarter. Wallace Advisory Group LLC increased its holdings in shares of EPAM Systems by 3.1% in the second quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock valued at $426,000 after purchasing an additional 76 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in EPAM Systems by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock worth $1,866,000 after buying an additional 76 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Trading Down 4.4%

NYSE EPAM opened at $208.69 on Friday. 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 capitalization of $11.53 billion, a P/E ratio of 31.86, a PEG ratio of 2.62 and a beta of 1.73. The firm’s 50-day moving average is $206.77 and its two-hundred day moving average is $177.37. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00.

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 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the business earned $3.12 earnings per share. The business’s revenue for the quarter 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, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has initiated a share buyback program on Tuesday, October 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 12.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other EPAM Systems 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 sale, the vice president directly owned 2,720 shares in the company, valued at $487,668.80. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 2,500 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $181.80, for a total transaction of $454,500.00. Following the sale, the senior vice president directly owned 38,124 shares in the company, valued at $6,930,943.20. This represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have 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.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several analyst reports. Mizuho upped their target price on EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday, November 11th. Truist Financial started coverage on shares of EPAM Systems in a report on Tuesday, January 6th. They issued a “hold” rating and a $220.00 price objective for the company. Citigroup raised their price objective on shares of EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of EPAM Systems in a report on Monday, December 29th. Finally, TD Cowen reissued a “buy” rating on shares of EPAM Systems in a research note on Friday, January 9th. One equities research 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 stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average price target of $214.20.

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.