Insider Selling: EPAM Systems (NYSE:EPAM) VP Sells $107,574.00 in Stock

EPAM Systems, Inc. (NYSE:EPAM) VP Gary Abrahams sold 600 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $179.29, for a total value of $107,574.00. Following the transaction, the vice president owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

EPAM Systems Trading Up 1.5%

EPAM opened at $181.35 on Thursday. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market capitalization of $10.02 billion, a PE ratio of 25.87, a P/E/G ratio of 2.36 and a beta of 1.67. The firm’s fifty day moving average price is $158.75 and its 200 day moving average price is $166.54.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.06. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company’s revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.12 EPS. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. As a group, research analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 21st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to buy up to 12.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of EPAM Systems in the third quarter valued at approximately $7,245,000. NewEdge Advisors LLC increased its position in EPAM Systems by 11.8% in the 3rd quarter. NewEdge Advisors LLC now owns 14,761 shares of the information technology services provider’s stock valued at $2,226,000 after acquiring an additional 1,563 shares during the period. Wishbone Management LP bought a new stake in EPAM Systems during the 3rd quarter valued at $15,079,000. Woodline Partners LP acquired a new position in EPAM Systems during the 3rd quarter worth $5,109,000. Finally, Dark Forest Capital Management LP bought a new position in shares of EPAM Systems in the third quarter worth $3,234,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Monday, August 18th. JPMorgan Chase & Co. raised their price objective on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.81.

EPAM Systems Company Profile

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.