New York State Common Retirement Fund Acquires 155,456 Shares of EPAM Systems, Inc. $EPAM

New York State Common Retirement Fund boosted its position in EPAM Systems, Inc. (NYSE:EPAM) by 130.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 274,452 shares of the information technology services provider’s stock after purchasing an additional 155,456 shares during the period. New York State Common Retirement Fund owned about 0.49% of EPAM Systems worth $41,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of EPAM Systems by 8.8% in the second quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock worth $152,000 after buying an additional 69 shares in the last quarter. CWM LLC raised its stake in shares of EPAM Systems by 1.1% during the third quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock worth $987,000 after acquiring an additional 71 shares in the last quarter. Main Management ETF Advisors LLC lifted its stake in EPAM Systems by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 4,398 shares of the information technology services provider’s stock worth $778,000 after purchasing an additional 72 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of EPAM Systems by 0.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 10,549 shares of the information technology services provider’s stock valued at $1,866,000 after acquiring an additional 76 shares during the last quarter. Finally, Wallace Advisory Group LLC lifted its position in EPAM Systems by 3.1% in the second quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock valued at $426,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 2,500 shares of the company’s 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 of the company’s stock, valued at $6,930,943.20. This represents a 6.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Gary C. Abrahams sold 600 shares of the stock in a transaction 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 sale, the vice president owned 2,720 shares in the company, valued at approximately $487,668.80. This represents a 18.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,100 shares of company stock worth $1,597,074 over the last ninety days. 4.30% of the stock is currently owned by company insiders.

EPAM Systems Stock Performance

Shares of EPAM opened at $208.29 on Friday. The company has a market cap of $11.51 billion, a PE ratio of 31.80, a P/E/G ratio of 2.51 and a beta of 1.73. The stock has a 50-day moving average of $207.32 and a 200-day moving average of $177.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00.

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

EPAM Systems announced that its board has authorized a stock repurchase program on Tuesday, October 21st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the information technology services provider to reacquire up to 12.4% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

EPAM has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of EPAM Systems in a research report on Monday, December 29th. Citigroup boosted their price target on EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company upped their price target on shares of EPAM Systems from $185.00 to $247.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Zacks Research cut EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price 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.