ARGA Investment Management LP Takes Position in EPAM Systems, Inc. $EPAM

Key Points

• ARGA Investment Management LP has acquired a new position in EPAM Systems, Inc., purchasing 477,638 shares valued at approximately $84.5 million, making it the 12th largest position in their portfolio.
• Insider activity includes Sergey Yezhkov, a senior vice president, selling 1,511 shares for about $227,058, which reduced their ownership by over 91%.
• EPAM Systems has announced a $1 billion stock repurchase plan, signaling management's belief that the stock is undervalued, as it authorizes repurchases of up to 12.4% of its shares.

ARGA Investment Management LP purchased a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 477,638 shares of the information technology services provider's stock, valued at approximately $84,456,000. EPAM Systems makes up about 2.3% of ARGA Investment Management LP's holdings, making the stock its 12th biggest position. ARGA Investment Management LP owned approximately 0.84% of EPAM Systems at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EPAM. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of EPAM Systems by 18.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after purchasing an additional 1,112 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in EPAM Systems by 85.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider's stock worth $1,299,000 after buying an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd increased its stake in EPAM Systems by 12.5% in the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider's stock worth $3,978,000 after acquiring an additional 2,500 shares during the last quarter. Liontrust Investment Partners LLP bought a new position in EPAM Systems in the 1st quarter worth about $6,486,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of EPAM Systems by 6.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 91,941 shares of the information technology services provider's stock valued at $16,257,000 after acquiring an additional 5,689 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

Insider Activity

In related news, SVP Sergey Yezhkov sold 1,511 shares of the company's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the transaction, the senior vice president owned 146 shares in the company, valued at $21,939.42. This represents a 91.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.30% of the company's stock.

EPAM Systems Stock Performance

NYSE EPAM opened at $156.48 on Friday. The company has a 50-day simple moving average of $158.29 and a two-hundred day simple moving average of $164.01. EPAM Systems, Inc. has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.27 and a beta of 1.65. 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 earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.EPAM Systems's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its Board of Directors has approved a stock repurchase plan 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 plans are usually a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on EPAM. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. decreased their price target on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Wells Fargo & Company upgraded shares of EPAM Systems to a "strong-buy" rating in a research report on Wednesday. Wall Street Zen downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of EPAM Systems in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $219.41.

EPAM Systems 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.

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