EPAM Systems, Inc. $EPAM Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 23.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,360 shares of the information technology services provider’s stock after selling 410 shares during the period. Parcion Private Wealth LLC’s holdings in EPAM Systems were worth $240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EPAM. Ninety One UK Ltd acquired a new position in EPAM Systems during the 1st quarter worth approximately $186,280,000. Invesco Ltd. lifted its position in EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after acquiring an additional 965,089 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in EPAM Systems by 98.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after acquiring an additional 809,423 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in EPAM Systems by 2,332.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock worth $123,232,000 after acquiring an additional 699,877 shares in the last quarter. Finally, Fiera Capital Corp acquired a new position in EPAM Systems during the 1st quarter worth approximately $31,332,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EPAM Systems

In related news, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the transaction, the senior vice president owned 146 shares in the company, valued at $21,939.42. The trade was a 91.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on EPAM. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. dropped their price objective on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $219.41.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $156.53 on Thursday. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.25 and a beta of 1.65. The business has a 50 day simple moving average of $158.35 and a 200-day simple moving average of $163.93.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business earned $2.45 EPS. The business’s quarterly revenue was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities research analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems declared that its board has initiated a share buyback plan on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 12.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.