EPAM Systems, Inc. $EPAM Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,287 shares of the information technology services provider’s stock after selling 3,338 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of EPAM Systems worth $4,869,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EPAM. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems in the second quarter valued at $27,000. MUFG Securities EMEA plc purchased a new position in shares of EPAM Systems in the 2nd quarter valued at about $30,000. Manning & Napier Advisors LLC acquired a new stake in shares of EPAM Systems in the third quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in EPAM Systems by 1,870.0% during the third quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock worth $30,000 after buying an additional 187 shares in the last quarter. Finally, CVA Family Office LLC grew its position in EPAM Systems by 4,840.0% during the third quarter. CVA Family Office LLC now owns 247 shares of the information technology services provider’s stock worth $37,000 after buying an additional 242 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EPAM shares. Wells Fargo & Company lifted their price target on shares of EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Mizuho lifted their price objective on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of EPAM Systems in a report on Monday, December 29th. Zacks Research cut EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Citigroup increased their price objective on shares of EPAM Systems from $170.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.20.

Insider Activity

In other EPAM Systems news, VP Gary C. Abrahams sold 600 shares of EPAM Systems stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $179.29, for a total value of $107,574.00. Following the completion of the sale, the vice president directly owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. The trade was a 18.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Boris Shnayder sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were 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. This trade represents a 24.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.30% of the stock is owned by company insiders.

EPAM Systems Stock Performance

NYSE EPAM opened at $166.17 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The business has a fifty day moving average of $205.67 and a 200-day moving average of $178.81. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.99 and a beta of 1.72.

EPAM Systems declared that its board has approved a share buyback plan on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 12.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors 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.