Hsbc Holdings PLC Purchases 3,094 Shares of EPAM Systems, Inc. $EPAM

Hsbc Holdings PLC lifted its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,594 shares of the information technology services provider’s stock after buying an additional 3,094 shares during the quarter. Hsbc Holdings PLC owned about 0.44% of EPAM Systems worth $43,578,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fourth Sail Capital LP boosted its stake in EPAM Systems by 35.3% during the second 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 in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of EPAM Systems by 85.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider’s stock worth $1,299,000 after purchasing an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd grew its stake in shares of EPAM Systems by 12.5% in the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider’s stock valued at $3,978,000 after buying an additional 2,500 shares during the period. Liontrust Investment Partners LLP bought a new stake in EPAM Systems in the 1st quarter valued at about $6,486,000. Finally, Leeward Investments LLC MA raised its stake in EPAM Systems by 16.9% during the 2nd quarter. Leeward Investments LLC MA now owns 53,725 shares of the information technology services provider’s stock worth $9,500,000 after buying an additional 7,757 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EPAM shares. Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. 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 report on Friday, November 7th. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. Wells Fargo & Company raised shares of EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and an average price target of $213.81.

EPAM Systems Price Performance

EPAM opened at $187.00 on Monday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year 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 company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 1.67. The firm’s fifty day moving average price is $162.67 and its two-hundred day moving average price is $166.95.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm earned $3.12 earnings per share. The firm’s revenue 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, analysts anticipate 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 authorized a share buyback program 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 purchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the transaction, the senior vice president owned 38,124 shares in the company, valued at $6,930,943.20. The trade was a 6.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gary C. Abrahams sold 600 shares of the company’s 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 completion of the transaction, the vice president directly owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. This represents 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 in the last 90 days. 4.30% of the stock is currently owned by corporate insiders.

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.