EPAM Systems (NYSE:EPAM) SVP Sells $227,057.97 in Stock

Key Points

• EPAM Systems SVP Sergey Yezhkov sold 1,511 shares for approximately $227,058, marking a significant 91.19% decrease in his ownership of the stock.
• The company announced a $1 billion stock repurchase plan, allowing it to buy back up to 12.4% of its shares, signaling potential undervaluation according to the board.
• EPAM's recent quarterly earnings beat expectations with an EPS of $2.77 and a revenue of $1.35 billion, reflecting an 18% year-over-year increase.

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) SVP Sergey Yezhkov sold 1,511 shares of the company's stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total transaction of $227,057.97. Following the transaction, the senior vice president owned 146 shares in the company, valued at $21,939.42. The trade was a 91.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EPAM Systems Trading Up 0.9%

NYSE:EPAM traded up $1.45 during mid-day trading on Wednesday, hitting $156.53. 709,109 shares of the stock traded hands, compared to its average volume of 750,181. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.10 and a beta of 1.65. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The firm's 50 day moving average is $158.44 and its two-hundred day moving average is $163.98. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.45 EPS. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, equities research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has initiated a stock repurchase plan on Tuesday, October 21st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EPAM. Brighton Jones LLC bought a new position in shares of EPAM Systems during the 4th quarter worth approximately $218,000. Exchange Traded Concepts LLC increased its stake in EPAM Systems by 32.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 920 shares of the information technology services provider's stock valued at $155,000 after purchasing an additional 228 shares in the last quarter. State of Alaska Department of Revenue increased its stake in EPAM Systems by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 6,645 shares of the information technology services provider's stock valued at $1,121,000 after purchasing an additional 175 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in EPAM Systems during the 1st quarter valued at approximately $268,000. Finally, Oppenheimer Asset Management Inc. increased its stake in EPAM Systems by 8.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 44,372 shares of the information technology services provider's stock valued at $7,492,000 after purchasing an additional 3,621 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 9th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company initiated coverage on shares of EPAM Systems in a research report on Tuesday. They issued an "overweight" rating and a $185.00 price target for the company. Fourteen investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.76.

About EPAM Systems

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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