Savant Capital LLC Purchases Shares of 4,482 EPAM Systems, Inc. $EPAM

Savant Capital LLC purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,482 shares of the information technology services provider’s stock, valued at approximately $676,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in EPAM Systems by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,985,172 shares of the information technology services provider’s stock valued at $1,235,118,000 after buying an additional 20,921 shares during the last quarter. Invesco Ltd. boosted 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 period. Geode Capital Management LLC boosted its position in shares of EPAM Systems by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock valued at $250,752,000 after acquiring an additional 15,936 shares during the period. Baillie Gifford & Co. grew its stake in shares of EPAM Systems by 20.7% in the third quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after acquiring an additional 221,544 shares during the last quarter. Finally, William Blair Investment Management LLC increased its position in EPAM Systems by 20.9% during the second quarter. William Blair Investment Management LLC now owns 841,922 shares of the information technology services provider’s stock worth $148,869,000 after acquiring an additional 145,411 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insiders Place Their Bets

In other EPAM Systems news, SVP Boris Shnayder sold 5,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the transaction, the senior vice president directly owned 15,645 shares in the company, valued at $3,238,515. This represents a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Gary C. Abrahams sold 600 shares of EPAM Systems stock in a transaction 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 transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Down 7.0%

Shares of EPAM opened at $178.14 on Thursday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $207.18 and a two-hundred day moving average price of $178.88. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.30 and a beta of 1.72. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00.

EPAM Systems announced that its board has authorized a stock 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 an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup increased their price target on shares of EPAM Systems from $170.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Truist Financial began coverage on EPAM Systems in a research report on Tuesday, January 6th. They set a “hold” rating and a $220.00 target price on the stock. TD Cowen restated a “buy” rating on shares of EPAM Systems in a research note on Friday, January 9th. Wells Fargo & Company raised their price objective on EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of EPAM Systems in a report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average price target of $214.20.

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.