Caxton Associates LLP Takes Position in EPAM Systems, Inc. $EPAM

Caxton Associates LLP acquired a new position in EPAM Systems, Inc. (NYSE:EPAM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,076 shares of the information technology services provider’s stock, valued at approximately $898,000.

A number of other hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in shares of EPAM Systems during the second quarter valued at $27,000. Public Sector Pension Investment Board raised its holdings in EPAM Systems by 32.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 11,680 shares of the information technology services provider’s stock worth $2,065,000 after purchasing an additional 2,869 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in EPAM Systems during the 2nd quarter valued at about $30,000. Corient Private Wealth LLC grew its position in shares of EPAM Systems by 8.1% during the 2nd quarter. Corient Private Wealth LLC now owns 1,823 shares of the information technology services provider’s stock worth $322,000 after buying an additional 137 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of EPAM Systems by 47.1% during the second quarter. Captrust Financial Advisors now owns 4,171 shares of the information technology services provider’s stock worth $738,000 after buying an additional 1,336 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 1.3%

Shares of EPAM stock opened at $212.31 on Tuesday. The company’s 50-day moving average price is $173.84 and its 200-day moving average price is $168.81. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 2.84 and a beta of 1.75. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. EPAM Systems’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.12 earnings per share. 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. As a group, equities analysts predict 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 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 reacquire up to 12.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EPAM. Mizuho raised their price objective on shares of EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. JPMorgan Chase & Co. raised their price target on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Morgan Stanley dropped their price objective on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Monday, August 18th. Finally, Weiss Ratings raised EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.40.

Insiders Place Their Bets

In other news, VP Gary C. Abrahams sold 600 shares of the company’s stock in a transaction 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 transaction, the vice president owned 2,720 shares of the company’s stock, valued at $487,668.80. This represents a 18.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Boris Shnayder sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total value of $1,035,000.00. Following the sale, the senior vice president directly owned 15,645 shares of the company’s stock, valued at $3,238,515. The trade was a 24.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,611 shares of company stock valued at $1,824,132. Insiders own 4.30% of the company’s stock.

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.