EPAM Systems, Inc. $EPAM Shares Acquired by KBC Group NV

KBC Group NV increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 103.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,783 shares of the information technology services provider’s stock after buying an additional 121,142 shares during the period. KBC Group NV owned about 0.42% of EPAM Systems worth $42,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAM. Brighton Jones LLC acquired a new position in shares of EPAM Systems in the fourth quarter worth about $218,000. Envestnet Asset Management Inc. increased its holdings in EPAM Systems by 48.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 105,580 shares of the information technology services provider’s stock worth $17,826,000 after purchasing an additional 34,260 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of EPAM Systems by 119.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,975 shares of the information technology services provider’s stock valued at $333,000 after purchasing an additional 1,074 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of EPAM Systems by 71.4% during the 1st quarter. New York State Common Retirement Fund now owns 73,890 shares of the information technology services provider’s stock valued at $12,476,000 after buying an additional 30,778 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of EPAM Systems by 98.8% during the first 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 in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 0.1%

NYSE:EPAM opened at $179.92 on Thursday. The firm has a market capitalization of $10.02 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67. The stock has a 50 day moving average of $157.18 and a 200-day moving average of $165.81. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $3.12 EPS. The business’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. Analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its board has initiated a share repurchase plan 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 purchase up to 12.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EPAM shares. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. TD Cowen raised 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. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 price objective for the company. Finally, Morgan Stanley reduced their target price on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $213.81.

Insider Activity

In other news, SVP Sergey Yezhkov sold 1,511 shares of the company’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.30% 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.