EPAM Systems (NYSE:EPAM) SVP Viktar Dvorkin Sells 2,500 Shares of Stock

EPAM Systems, Inc. (NYSE:EPAM) SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total transaction of $454,500.00. Following the completion of the transaction, the senior vice president owned 38,124 shares of the company’s stock, valued at approximately $6,930,943.20. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

EPAM Systems Stock Down 0.8%

Shares of NYSE EPAM traded down $1.53 during mid-day trading on Friday, hitting $178.94. The company had a trading volume of 131,498 shares, compared to its average volume of 770,844. The company has a market capitalization of $9.97 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67. The business’s 50-day simple moving average is $157.43 and its 200 day simple moving average is $165.92. 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.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.02 by $0.06. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $3.12 EPS. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. On average, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has initiated a stock buyback program on Tuesday, October 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on EPAM. Citigroup raised EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their target price on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note 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 target on the stock in a research note on Monday, August 18th. Morgan Stanley reduced their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 9th. Finally, Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. One investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.81.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Manning & Napier Advisors LLC acquired a new position in shares of EPAM Systems during the 3rd quarter worth approximately $25,000. CYBER HORNET ETFs LLC acquired a new position in EPAM Systems in the 2nd quarter valued at about $27,000. Sound Income Strategies LLC purchased a new position in EPAM Systems in the 2nd quarter valued at about $29,000. True Wealth Design LLC boosted its stake in shares of EPAM Systems by 1,870.0% during 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 during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems during the second quarter worth about $30,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.