66,600 Shares in EPAM Systems, Inc. $EPAM Purchased by Blue Door Asset Management LLC

Blue Door Asset Management LLC acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 66,600 shares of the information technology services provider’s stock, valued at approximately $11,776,000. EPAM Systems comprises 6.1% of Blue Door Asset Management LLC’s portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of EPAM Systems by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,985,172 shares of the information technology services provider’s stock valued at $1,235,118,000 after acquiring an additional 20,921 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of EPAM Systems by 14.9% during the 2nd quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after buying an additional 533,292 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of EPAM Systems by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock valued at $383,267,000 after purchasing an additional 89,418 shares during the period. Geode Capital Management LLC raised its position in shares of EPAM Systems by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after purchasing an additional 15,936 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of EPAM Systems by 20.9% in the 2nd quarter. William Blair Investment Management LLC now owns 841,922 shares of the information technology services provider’s stock worth $148,869,000 after acquiring an additional 145,411 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. Morgan Stanley lowered their price target 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. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.40.

Insider Buying and Selling

In other EPAM Systems news, VP Gary C. Abrahams sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was 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 in the company, valued at $487,668.80. This represents a 18.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Sergey Yezhkov sold 1,511 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the transaction, the senior vice president owned 146 shares of the company’s stock, valued at approximately $21,939.42. The trade was a 91.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 4,611 shares of company stock valued at $789,132. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

EPAM stock opened at $211.48 on Thursday. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a market cap of $11.68 billion, a P/E ratio of 32.29, a price-to-earnings-growth ratio of 2.82 and a beta of 1.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. The stock’s fifty day moving average price is $170.38 and its 200-day moving average price is $168.11.

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, topping the consensus estimate of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $3.12 earnings per share. The company’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, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems declared that its board has approved a share repurchase 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 purchase up to 12.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

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.