Keybank National Association OH Decreases Stock Holdings in EPAM Systems, Inc. $EPAM

Keybank National Association OH lessened its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 12.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,532 shares of the information technology services provider’s stock after selling 511 shares during the period. Keybank National Association OH’s holdings in EPAM Systems were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAM. Whalen Wealth Management Inc. acquired a new stake in EPAM Systems during the second quarter worth approximately $1,301,000. Motley Fool Asset Management LLC raised its stake in EPAM Systems by 6.1% during the 2nd quarter. Motley Fool Asset Management LLC now owns 1,443 shares of the information technology services provider’s stock worth $255,000 after acquiring an additional 83 shares in the last quarter. Bessemer Group Inc. raised its stake in EPAM Systems by 59.7% during the 2nd quarter. Bessemer Group Inc. now owns 133,921 shares of the information technology services provider’s stock worth $23,681,000 after acquiring an additional 50,089 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in EPAM Systems by 107.7% in the second quarter. Nisa Investment Advisors LLC now owns 4,102 shares of the information technology services provider’s stock valued at $725,000 after acquiring an additional 2,127 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in EPAM Systems by 16.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 51,632 shares of the information technology services provider’s stock valued at $9,130,000 after acquiring an additional 7,260 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Down 1.1%

Shares of EPAM stock opened at $161.66 on Tuesday. The business’s 50 day moving average is $157.50 and its two-hundred day moving average is $164.91. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a market capitalization of $9.00 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.36 and a beta of 1.65. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

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

EPAM Systems announced that its board has authorized a share buyback plan on Tuesday, October 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total value of $227,057.97. Following the transaction, the senior vice president directly owned 146 shares in the company, valued at approximately $21,939.42. This trade represents a 91.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the topic of a number of research reports. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. dropped their price target on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research note on Wednesday, October 8th. Finally, Citigroup upgraded EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $219.41.

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.