EPAM Systems, Inc. $EPAM Holdings Cut by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 39.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 63,781 shares of the information technology services provider’s stock after selling 40,898 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in EPAM Systems were worth $11,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Invesco Ltd. increased its stake in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after acquiring an additional 965,089 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock valued at $274,923,000 after purchasing an additional 809,423 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock valued at $123,232,000 after purchasing an additional 699,877 shares in the last quarter. ARGA Investment Management LP acquired a new position in EPAM Systems in the 2nd quarter worth about $84,456,000. Finally, Fiera Capital Corp purchased a new stake in shares of EPAM Systems during the 1st quarter worth about $31,332,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 0.1%

Shares of EPAM Systems stock opened at $179.92 on Thursday. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-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 stock has a 50 day moving average price of $157.18 and a two-hundred day moving average price of $165.81. The stock has a market capitalization of $10.02 billion, a P/E ratio of 25.67, a PEG ratio of 2.36 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $3.12 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. Equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems announced that its Board of Directors has initiated a stock 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 purchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EPAM shares. TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Monday, August 18th. Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of EPAM Systems in a report on Thursday, July 17th. They set a “hold” rating and a $171.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $213.81.

Insider Buying and Selling

In other EPAM Systems news, SVP Sergey Yezhkov sold 1,511 shares of the business’s 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 transaction, the senior vice president owned 146 shares of the company’s stock, valued at $21,939.42. The trade was a 91.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.30% of the stock is owned by company insiders.

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.