Strs Ohio Trims Position in EPAM Systems, Inc. $EPAM

Strs Ohio cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 81.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,309 shares of the information technology services provider’s stock after selling 5,702 shares during the period. Strs Ohio’s holdings in EPAM Systems were worth $197,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of EPAM. Fourth Sail Capital LP lifted its holdings in shares of EPAM Systems by 35.3% during the 2nd quarter. Fourth Sail Capital LP now owns 71,700 shares of the information technology services provider’s stock worth $12,678,000 after acquiring an additional 18,700 shares during the last quarter. New York State Common Retirement Fund raised its position in EPAM Systems by 61.0% during the second quarter. New York State Common Retirement Fund now owns 118,996 shares of the information technology services provider’s stock valued at $21,041,000 after purchasing an additional 45,106 shares in the last quarter. Leeward Investments LLC MA lifted its stake in EPAM Systems by 16.9% during the second quarter. Leeward Investments LLC MA now owns 53,725 shares of the information technology services provider’s stock worth $9,500,000 after purchasing an additional 7,757 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of EPAM Systems by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after purchasing an additional 15,936 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of EPAM Systems during the 2nd quarter valued at about $3,713,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Up 0.8%

Shares of EPAM Systems stock opened at $210.37 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company’s 50 day moving average price is $207.86 and its 200-day moving average price is $178.16. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 2.50 and a beta of 1.72.

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 the consensus estimate 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 net margin of 7.01% and a return on equity of 13.16%. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.12 EPS. 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. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EPAM shares. Weiss Ratings restated a “hold (c-)” rating on shares of EPAM Systems in a research report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company lifted their target price on shares of EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Truist Financial assumed coverage on shares of EPAM Systems in a research note on Tuesday, January 6th. They issued a “hold” rating and a $220.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $214.20.

Insider Buying and Selling

In related news, VP Gary C. Abrahams sold 600 shares of the business’s stock in a transaction dated 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 $487,668.80. The trade was a 18.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Boris Shnayder sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 8,100 shares of company stock valued at $1,597,074 over the last ninety days. 4.30% of the stock is owned by insiders.

EPAM Systems Company 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.