Viktar Dvorkin Sells 2,500 Shares of EPAM Systems (NYSE:EPAM) Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 13th. The shares were 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 $6,930,943.20. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

EPAM Systems Stock Down 0.8%

NYSE:EPAM opened at $179.00 on Friday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $157.62 and its two-hundred day moving average is $166.05. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The stock has a market capitalization of $9.89 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data 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. 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 14.00% and a net margin of 7.91%.The company’s revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.12 earnings per share. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. Research analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its board has authorized a stock repurchase plan on Tuesday, October 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Morgan Stanley reduced their target price on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. TD Cowen raised EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Monday, August 18th. Finally, Citigroup upgraded EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.81.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in EPAM Systems in the fourth quarter valued at $218,000. Envestnet Asset Management Inc. boosted its position in shares of EPAM Systems by 48.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 105,580 shares of the information technology services provider’s stock worth $17,826,000 after acquiring an additional 34,260 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of EPAM Systems by 119.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,975 shares of the information technology services provider’s stock valued at $333,000 after acquiring an additional 1,074 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of EPAM Systems by 71.4% during the 1st quarter. New York State Common Retirement Fund now owns 73,890 shares of the information technology services provider’s stock worth $12,476,000 after acquiring an additional 30,778 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in EPAM Systems by 98.8% during the first 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 purchasing an additional 809,423 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.