ING Groep NV Takes $1.09 Million Position in EPAM Systems, Inc. $EPAM

ING Groep NV purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,200 shares of the information technology services provider’s stock, valued at approximately $1,086,000.

Other large investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in EPAM Systems in the third quarter worth about $25,000. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems during the second quarter valued at approximately $27,000. True Wealth Design LLC boosted its position in shares of EPAM Systems by 1,870.0% in the 3rd quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems in the 2nd quarter worth approximately $30,000. Finally, CVA Family Office LLC increased its position in EPAM Systems by 4,840.0% during the 3rd quarter. CVA Family Office LLC now owns 247 shares of the information technology services provider’s stock valued at $37,000 after buying an additional 242 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Boris Shnayder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the senior vice president directly owned 15,645 shares in the company, valued at $3,238,515. The trade was a 24.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Gary C. Abrahams sold 600 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $179.29, for a total transaction of $107,574.00. Following the sale, the vice president directly owned 2,720 shares of the company’s stock, valued at $487,668.80. The trade was a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Citigroup lifted their price objective on EPAM Systems from $170.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Truist Financial initiated coverage on EPAM Systems in a report on Tuesday, January 6th. They set a “hold” rating and a $220.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company increased their price objective on shares of EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Finally, TD Cowen reaffirmed a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $214.20.

EPAM Systems Price Performance

EPAM opened at $166.17 on Friday. The company’s 50-day simple moving average is $205.67 and its two-hundred day simple moving average is $178.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $9.18 billion, a P/E ratio of 25.37, a P/E/G ratio of 1.95 and a beta of 1.72. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems announced that its board has initiated a stock buyback program 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 purchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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.