Federated Hermes Inc. Cuts Stock Holdings in EPAM Systems, Inc. $EPAM

Federated Hermes Inc. reduced its stake in EPAM Systems, Inc. (NYSE:EPAM) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,428 shares of the information technology services provider’s stock after selling 94,953 shares during the period. Federated Hermes Inc.’s holdings in EPAM Systems were worth $35,802,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EPAM. CYBER HORNET ETFs LLC purchased a new stake in EPAM Systems during the 2nd quarter worth about $27,000. Sound Income Strategies LLC acquired a new position in shares of EPAM Systems during the second quarter worth about $29,000. MUFG Securities EMEA plc acquired a new position in shares of EPAM Systems during the second quarter worth about $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of EPAM Systems during the third quarter worth approximately $25,000. Finally, True Wealth Design LLC raised its holdings in EPAM Systems by 1,870.0% in the third quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

Shares of EPAM opened at $208.69 on Friday. 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, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The stock has a market cap of $11.53 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 2.62 and a beta of 1.73. The firm has a fifty day moving average price of $206.77 and a 200 day moving average price of $177.37.

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 return on equity of 13.16% and a net margin of 7.01%.The business’s revenue was up 19.4% compared to the same quarter last year. During the same quarter 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, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the information technology services provider to buy up to 12.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Activity

In related news, SVP Viktar Dvorkin sold 2,500 shares of the company’s stock in a transaction on 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 owned 38,124 shares in the company, valued at $6,930,943.20. This represents a 6.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Boris Shnayder sold 5,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following 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. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 8,100 shares of company stock valued at $1,597,074. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on EPAM. JPMorgan Chase & Co. boosted their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Mizuho lifted their price objective 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. Zacks Research raised EPAM Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Weiss Ratings restated a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Finally, Truist Financial started coverage on EPAM Systems in a report on Tuesday, January 6th. They set a “hold” rating and a $220.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus price target of $214.20.

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.