Russell Investments Group Ltd. Increases Stake in EPAM Systems, Inc. $EPAM

Russell Investments Group Ltd. lifted its position in EPAM Systems, Inc. (NYSE:EPAM) by 0.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 121,734 shares of the information technology services provider’s stock after acquiring an additional 621 shares during the period. Russell Investments Group Ltd.’s holdings in EPAM Systems were worth $21,509,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EPAM. Sound Income Strategies LLC purchased a new stake in EPAM Systems in the 2nd quarter worth about $29,000. Blue Trust Inc. raised its holdings in shares of EPAM Systems by 40.5% in the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock worth $59,000 after buying an additional 96 shares during the period. Parallel Advisors LLC lifted its stake in shares of EPAM Systems by 215.5% during the 2nd quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 250 shares during the last quarter. UMB Bank n.a. boosted its holdings in EPAM Systems by 275.0% during the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock valued at $69,000 after acquiring an additional 286 shares during the period. Finally, CX Institutional boosted its holdings in EPAM Systems by 82.8% during the 2nd quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock valued at $81,000 after acquiring an additional 207 shares during the period. 91.58% of the stock is currently owned by institutional investors.

Insider Activity at EPAM Systems

In other news, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total value of $227,057.97. Following the transaction, the senior vice president directly owned 146 shares in the company, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Gary C. Abrahams sold 600 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $179.29, for a total value of $107,574.00. Following the completion of the transaction, the vice president directly owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,611 shares of company stock valued at $789,132 over the last ninety days. 4.30% of the stock is owned by company insiders.

EPAM Systems Stock Up 1.3%

NYSE:EPAM opened at $187.00 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a 50-day moving average of $162.67 and a 200 day moving average of $167.07. The firm has a market cap of $10.33 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm posted $3.12 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. 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 anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EPAM shares. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Morgan Stanley dropped 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 research note on Tuesday, September 9th. Finally, JPMorgan Chase & Co. lifted their price target 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. One equities 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.81.

EPAM Systems 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.