EPAM Systems, Inc. $EPAM Shares Bought by Cwm LLC

Key Points

• Cwm LLC increased its stake in EPAM Systems by 117.6% during Q2, owning 6,475 shares valued at $1,145,000 after acquiring 3,499 additional shares.
• EPAM Systems reported earnings per share (EPS) of $2.77 for the last quarter, exceeding estimates by $0.16, with revenue of $1.35 billion, an 18.0% increase year-over-year.
• The company's Board of Directors approved a $1 billion stock repurchase plan to buy back up to 12.4% of its shares, signaling confidence in the stock's value.

Cwm LLC boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 117.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,475 shares of the information technology services provider's stock after buying an additional 3,499 shares during the quarter. Cwm LLC's holdings in EPAM Systems were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in EPAM Systems by 18.1% during 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 buying 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 during the period. Pacific Capital Partners Ltd grew its position in EPAM Systems by 12.5% during the second quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider's stock worth $3,978,000 after buying an additional 2,500 shares during the period. Liontrust Investment Partners LLP acquired a new position in EPAM Systems during the first quarter worth about $6,486,000. Finally, Robeco Institutional Asset Management B.V. grew its position in EPAM Systems by 6.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 91,941 shares of the information technology services provider's stock worth $16,257,000 after buying an additional 5,689 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

Shares of EPAM opened at $155.11 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 2.10 and a beta of 1.65. The company's 50 day simple moving average is $158.44 and its 200 day simple moving average is $163.98. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced 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 business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 earnings per share. 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, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

EPAM Systems declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 21st that permits the company to buyback $1.00 billion in outstanding 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 typically a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research reports. 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 on the stock. TD Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Monday, August 18th. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Fourteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus target price 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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