7,360 Shares in EPAM Systems, Inc. $EPAM Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. purchased a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,360 shares of the information technology services provider’s stock, valued at approximately $1,301,000. EPAM Systems makes up about 0.8% of Whalen Wealth Management Inc.’s holdings, making the stock its 27th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in EPAM Systems during the second quarter worth $29,000. Blue Trust Inc. raised its position in EPAM Systems by 40.5% during the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock worth $59,000 after acquiring an additional 96 shares during the period. Parallel Advisors LLC raised its position in EPAM Systems by 215.5% during the second quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 250 shares during the period. UMB Bank n.a. raised its position in EPAM Systems by 275.0% during the second quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock worth $69,000 after acquiring an additional 286 shares during the period. Finally, CX Institutional raised its position in EPAM Systems by 82.8% during the second quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock worth $81,000 after acquiring an additional 207 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EPAM Systems

In related news, SVP Sergey Yezhkov sold 1,511 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the sale, the senior vice president directly owned 146 shares in the company, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Morgan Stanley reduced their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a research report on Thursday, July 17th. They set a “hold” rating and a $171.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems 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 $161.37 on Wednesday. The firm has a 50-day simple moving average of $158.15 and a 200-day simple moving average of $164.44. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 2.36 and a beta of 1.65. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00.

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

EPAM Systems announced that its board has initiated a stock buyback 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 purchase up to 12.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are 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.