Arrowstreet Capital Limited Partnership Purchases 117,761 Shares of EPAM Systems, Inc. $EPAM

Arrowstreet Capital Limited Partnership increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 57.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 322,650 shares of the information technology services provider’s stock after buying an additional 117,761 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in EPAM Systems were worth $57,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EPAM. Invesco Ltd. raised its holdings in EPAM Systems by 37.1% in the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after acquiring an additional 965,089 shares during the period. Norges Bank acquired a new stake in shares of EPAM Systems in the second quarter valued at about $137,671,000. Alyeska Investment Group L.P. increased its stake in shares of EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock worth $123,232,000 after purchasing an additional 699,877 shares during the period. ARGA Investment Management LP acquired a new position in shares of EPAM Systems during the 2nd quarter worth about $84,456,000. Finally, Senvest Management LLC boosted its stake in EPAM Systems by 63.1% during the 2nd quarter. Senvest Management LLC now owns 443,606 shares of the information technology services provider’s stock valued at $78,438,000 after purchasing an additional 171,645 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $201.15 on Friday. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.71 and a beta of 1.75. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The business has a fifty day simple moving average of $166.02 and a 200 day simple moving average of $167.52. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company earned $3.12 earnings per share. The business’s 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 and its Q4 2025 guidance at 3.100-3.18 EPS. Sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems announced that its Board of Directors has authorized a share 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 repurchase 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 stock is undervalued.

Insider Buying and Selling

In related news, SVP Viktar Dvorkin sold 2,500 shares of the 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 transaction, the senior vice president 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 document filed with the SEC, which is available at this hyperlink. Also, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the sale, the senior vice president directly owned 146 shares in the company, valued at $21,939.42. The trade was a 91.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,611 shares of company stock valued at $789,132 over the last quarter. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on EPAM shares. Citigroup raised EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Morgan Stanley lowered their price objective 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. Mizuho boosted their target price on shares of EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $213.81.

About EPAM Systems

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.