Key Points
- SVP Boris Shnayder sold 5,000 EPAM shares on Dec. 10 at an average price of $207 for a total of $1,035,000, leaving him with 15,645 shares (a 24.22% decrease), as disclosed in an SEC filing.
- EPAM beat Q3 expectations with EPS of $3.08 (vs. $3.02 est.) and $1.39B revenue (up 19.4% YoY) and issued FY2025 guidance of EPS 11.360–11.440 and Q4 guidance of 3.100–3.18.
- The board authorized a $1.0 billion share buyback (up to 12.4% of outstanding shares); analysts hold a "Moderate Buy" consensus with a price target around $208.40 and the company has a market cap near $11.65 billion.
EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) 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 transaction of $1,035,000.00. Following the sale, the senior vice president owned 15,645 shares of the company's stock, valued at approximately $3,238,515. This represents a 24.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
EPAM Systems Stock Performance
EPAM stock opened at $210.87 on Friday. 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 1 year low of $138.15 and a 1 year high of $269.00. The company has a market cap of $11.65 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 2.87 and a beta of 1.75. The stock's fifty day moving average price is $171.54 and its 200-day moving average price is $168.41.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.EPAM Systems's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, equities analysts forecast that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.
EPAM Systems declared that its Board of Directors has authorized a stock buyback program 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 buy up to 12.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Allworth Financial LP increased its stake in EPAM Systems by 212.6% in the 3rd quarter. Allworth Financial LP now owns 597 shares of the information technology services provider's stock worth $90,000 after buying an additional 406 shares in the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of EPAM Systems by 8.8% in the third quarter. Swiss Life Asset Management Ltd now owns 2,535 shares of the information technology services provider's stock worth $382,000 after acquiring an additional 204 shares during the period. Groupama Asset Managment grew its position in shares of EPAM Systems by 52.5% during the third quarter. Groupama Asset Managment now owns 2,082 shares of the information technology services provider's stock worth $314,000 after purchasing an additional 717 shares in the last quarter. Cambria Investment Management L.P. grew its position in shares of EPAM Systems by 35.0% during the third quarter. Cambria Investment Management L.P. now owns 1,748 shares of the information technology services provider's stock worth $264,000 after purchasing an additional 453 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in EPAM Systems during the 3rd quarter valued at approximately $858,000. Institutional investors own 91.58% of the company's stock.
Analysts Set New Price Targets
Several analysts recently issued reports on EPAM shares. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Weiss Ratings upgraded EPAM Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. Citigroup upgraded EPAM Systems to a "hold" rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target on EPAM Systems from $201.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 7th. Finally, Mizuho raised their price objective on EPAM Systems from $225.00 to $228.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $208.40.
Get Our Latest Analysis on EPAM
About EPAM Systems
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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.
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