Motley Fool Asset Management LLC Has $255,000 Stock Holdings in EPAM Systems, Inc. $EPAM

Motley Fool Asset Management LLC increased its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 6.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443 shares of the information technology services provider’s stock after purchasing an additional 83 shares during the quarter. Motley Fool Asset Management LLC’s holdings in EPAM Systems were worth $255,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. increased its position in EPAM Systems by 37.1% during the 1st quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after purchasing an additional 965,089 shares in the last quarter. Ameriprise Financial Inc. increased its position in EPAM Systems by 4.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock worth $383,267,000 after purchasing an additional 89,418 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in EPAM Systems by 98.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after purchasing an additional 809,423 shares in the last quarter. Ninety One UK Ltd acquired a new position in EPAM Systems during the 1st quarter worth approximately $186,280,000. Finally, William Blair Investment Management LLC increased its position in 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 valued at $148,869,000 after acquiring an additional 145,411 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Finally, TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.41.

Insider Buying and Selling at EPAM Systems

In other news, SVP Sergey Yezhkov sold 1,511 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the sale, the senior vice president directly owned 146 shares in the company, valued at $21,939.42. This represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Trading Down 0.7%

EPAM opened at $161.37 on Wednesday. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $158.15 and a 200-day moving average of $164.44. The stock has a market cap of $8.99 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.36 and a beta of 1.65.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $2.45 earnings per share. EPAM Systems’s revenue for the quarter was up 18.0% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.