Bessemer Group Inc. Raises Stake in EPAM Systems, Inc. $EPAM

Bessemer Group Inc. raised its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 66.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,240 shares of the information technology services provider’s stock after acquiring an additional 89,319 shares during the period. Bessemer Group Inc. owned about 0.40% of EPAM Systems worth $33,662,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EPAM. Fourth Sail Capital LP lifted its holdings in EPAM Systems by 35.3% in the 2nd quarter. Fourth Sail Capital LP now owns 71,700 shares of the information technology services provider’s stock worth $12,678,000 after buying an additional 18,700 shares during the period. New York State Common Retirement Fund raised its holdings in shares of EPAM Systems by 61.0% during the second quarter. New York State Common Retirement Fund now owns 118,996 shares of the information technology services provider’s stock valued at $21,041,000 after acquiring an additional 45,106 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in shares of EPAM Systems by 4,413.0% during the third quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider’s stock valued at $55,707,000 after acquiring an additional 361,249 shares in the last quarter. Leeward Investments LLC MA lifted its stake in EPAM Systems by 16.9% in the second quarter. Leeward Investments LLC MA now owns 53,725 shares of the information technology services provider’s stock worth $9,500,000 after acquiring an additional 7,757 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in EPAM Systems in the third quarter valued at $1,384,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EPAM. Wells Fargo & Company raised their target price on shares of EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. TD Cowen reissued a “buy” rating on shares of EPAM Systems in a research note on Friday, January 9th. Mizuho lifted their price objective on EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. JPMorgan Chase & Co. upped their target price on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Truist Financial initiated coverage on EPAM Systems in a research note on Tuesday, January 6th. They issued a “hold” rating and a $220.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and a consensus price target of $214.20.

Insider Activity

In other news, SVP Boris Shnayder sold 5,000 shares of EPAM Systems 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 completion of the transaction, the senior vice president owned 15,645 shares of the company’s stock, valued at $3,238,515. The trade was a 24.22% 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 Viktar Dvorkin sold 2,500 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $181.80, for a total transaction of $454,500.00. Following the sale, the senior vice president directly owned 38,124 shares in the company, valued at $6,930,943.20. This trade represents a 6.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,100 shares of company stock worth $1,597,074 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

EPAM Systems Price Performance

EPAM stock opened at $177.15 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a 50 day moving average price of $207.65 and a 200-day moving average price of $178.32. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 2.21 and a beta of 1.72.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business posted $3.12 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

EPAM Systems announced that its Board of Directors has approved a stock 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 repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.