Massachusetts Financial Services Co. MA Reduces Position in EPAM Systems, Inc. $EPAM

Massachusetts Financial Services Co. MA trimmed its stake in EPAM Systems, Inc. (NYSE:EPAM) by 28.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,059,169 shares of the information technology services provider’s stock after selling 424,611 shares during the period. Massachusetts Financial Services Co. MA’s holdings in EPAM Systems were worth $159,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EPAM. Manning & Napier Advisors LLC bought a new stake in EPAM Systems during the third quarter valued at about $25,000. CYBER HORNET ETFs LLC bought a new position in shares of EPAM Systems during the 2nd quarter valued at approximately $27,000. Sound Income Strategies LLC purchased a new stake in EPAM Systems in the 2nd quarter worth approximately $29,000. True Wealth Design LLC raised its stake in 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 acquiring an additional 187 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in EPAM Systems during the second quarter valued at approximately $30,000. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EPAM shares. Citigroup raised shares of EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Zacks Research upgraded EPAM Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Truist Financial initiated coverage on EPAM Systems in a research report on Tuesday, January 6th. They set a “hold” rating and a $220.00 target price for the company. Finally, JPMorgan Chase & Co. lifted their target price on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $215.38.

EPAM Systems Stock Performance

NYSE EPAM opened at $212.91 on Tuesday. The stock has a market capitalization of $11.76 billion, a PE ratio of 32.50, a P/E/G ratio of 2.65 and a beta of 1.73. The business has a 50 day simple moving average of $201.03 and a two-hundred day simple moving average of $175.31. 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 3.02 and a quick ratio of 3.02.

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, beating analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $3.12 earnings per share. EPAM Systems’s quarterly 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 and its Q4 2025 guidance at 3.100-3.18 EPS. On average, research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has initiated a share buyback 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 repurchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, SVP Viktar Dvorkin sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $181.80, for a total value of $454,500.00. Following the completion of the sale, the senior vice president directly owned 38,124 shares of the company’s stock, valued at $6,930,943.20. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Boris Shnayder sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the senior vice president owned 15,645 shares of the company’s stock, valued at approximately $3,238,515. This represents a 24.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 8,100 shares of company stock worth $1,597,074. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.