ARGA Investment Management LP Reduces Holdings in EPAM Systems, Inc. $EPAM

ARGA Investment Management LP lessened its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 58.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 196,662 shares of the information technology services provider’s stock after selling 280,976 shares during the quarter. EPAM Systems accounts for about 0.8% of ARGA Investment Management LP’s holdings, making the stock its 27th biggest position. ARGA Investment Management LP’s holdings in EPAM Systems were worth $29,655,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EPAM. Norges Bank acquired a new position in EPAM Systems in the 2nd quarter valued at about $137,671,000. Invesco Ltd. lifted its holdings in EPAM Systems by 14.9% in the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock valued at $725,455,000 after acquiring an additional 533,292 shares during the period. Federated Hermes Inc. lifted its stake in shares of EPAM Systems by 293.9% in the second quarter. Federated Hermes Inc. now owns 332,381 shares of the information technology services provider’s stock valued at $58,772,000 after purchasing an additional 248,006 shares during the period. Baillie Gifford & Co. grew its holdings in shares of EPAM Systems by 20.7% in the 3rd quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after acquiring an additional 221,544 shares during the period. Finally, Bank of America Corp DE increased its position in shares of EPAM Systems by 57.3% in the second quarter. Bank of America Corp DE now owns 485,469 shares of the information technology services provider’s stock valued at $85,841,000 after buying an additional 176,772 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on EPAM shares. TD Cowen reiterated a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th. Truist Financial began coverage on EPAM Systems in a research note on Tuesday, January 6th. They set a “hold” rating and a $220.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. Finally, Zacks Research upgraded shares of EPAM Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $210.53.

EPAM Systems Stock Down 0.3%

Shares of EPAM Systems stock opened at $218.35 on Friday. The company has a fifty day moving average price of $203.78 and a 200 day moving average price of $176.31. 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, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 2.73 and a beta of 1.73.

EPAM Systems (NYSE:EPAM) last posted 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 business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a share repurchase plan on Tuesday, October 21st that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other news, VP Gary C. Abrahams sold 600 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $179.29, for a total value of $107,574.00. Following the transaction, the vice president directly owned 2,720 shares in the company, valued at approximately $487,668.80. This trade represents a 18.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was 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 in the company, valued at approximately $6,930,943.20. This trade represents a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 8,100 shares of company stock worth $1,597,074. 4.30% of the stock is currently owned by corporate insiders.

About EPAM Systems

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.