Creekmur Asset Management LLC Purchases 3,592 Shares of EPAM Systems, Inc. $EPAM

Creekmur Asset Management LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 44,900.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,600 shares of the information technology services provider’s stock after buying an additional 3,592 shares during the period. Creekmur Asset Management LLC’s holdings in EPAM Systems were worth $637,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EPAM. Ninety One UK Ltd bought a new stake in shares of EPAM Systems during the 1st quarter worth $186,280,000. Invesco Ltd. boosted its holdings in shares of EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after buying an additional 965,089 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of EPAM Systems by 98.8% during the 1st 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 buying an additional 809,423 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of EPAM Systems by 2,332.9% during the 1st quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock worth $123,232,000 after buying an additional 699,877 shares during the period. Finally, ARGA Investment Management LP bought a new stake in shares of EPAM Systems during the 2nd quarter worth $84,456,000. 91.58% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Sergey Yezhkov sold 1,511 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the completion of the transaction, the senior vice president owned 146 shares in the company, valued at approximately $21,939.42. This represents a 91.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a “hold” rating and a $171.00 price objective for the company. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $219.41.

EPAM Systems Trading Down 2.1%

Shares of EPAM stock opened at $159.42 on Friday. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.36 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a fifty day moving average of $157.94 and a 200-day moving average of $164.51.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company posted $2.45 EPS. The business’s revenue was up 18.0% on a year-over-year basis. 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 research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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