Owls Nest Partners IA LLC Sells 66,544 Shares of EPAM Systems, Inc. $EPAM

Owls Nest Partners IA LLC lessened its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 22.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,517 shares of the information technology services provider’s stock after selling 66,544 shares during the quarter. EPAM Systems accounts for approximately 9.4% of Owls Nest Partners IA LLC’s investment portfolio, making the stock its 5th biggest holding. Owls Nest Partners IA LLC’s holdings in EPAM Systems were worth $39,876,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in EPAM Systems during the 2nd quarter worth about $137,671,000. Alyeska Investment Group L.P. increased its position in shares of 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 acquiring an additional 699,877 shares during the last quarter. Invesco Ltd. increased its position in shares of EPAM Systems by 14.9% in the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock valued at $725,455,000 after acquiring an additional 533,292 shares during the last quarter. ARGA Investment Management LP bought a new stake in EPAM Systems during the second quarter worth about $84,456,000. Finally, Federated Hermes Inc. boosted its position in EPAM Systems by 293.9% during the second quarter. Federated Hermes Inc. now owns 332,381 shares of the information technology services provider’s stock valued at $58,772,000 after purchasing an additional 248,006 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EPAM shares. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. raised their target price on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Morgan Stanley cut their price target on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Finally, Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and a consensus target price of $208.40.

Insider Activity at EPAM Systems

In other news, VP Gary C. Abrahams sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $179.29, for a total value of $107,574.00. Following the transaction, the vice president owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Viktar Dvorkin sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the transaction, the senior vice president owned 38,124 shares in the company, valued at approximately $6,930,943.20. This trade represents a 6.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,611 shares of company stock worth $789,132. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 1.7%

Shares of EPAM Systems stock opened at $211.48 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. The business has a fifty day simple moving average of $170.38 and a two-hundred day simple moving average of $168.11. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a market capitalization of $11.68 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.82 and a beta of 1.75.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, beating the consensus estimate of $3.02 by $0.06. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The company’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.12 earnings per share. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS and its Q4 2025 guidance at 3.100-3.18 EPS. Research 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 program on Tuesday, October 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information technology services provider to reacquire up to 12.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

EPAM Systems Company 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.