Metis Global Partners LLC Sells 917 Shares of EPAM Systems, Inc. $EPAM

by · The Cerbat Gem

Metis Global Partners LLC cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 40.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,349 shares of the information technology services provider’s stock after selling 917 shares during the quarter. Metis Global Partners LLC’s holdings in EPAM Systems were worth $239,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in EPAM Systems during the second quarter valued at about $29,000. Blue Trust Inc. boosted its stake in EPAM Systems by 40.5% in the second quarter. Blue Trust Inc. now owns 333 shares of the information technology services provider’s stock valued at $59,000 after acquiring an additional 96 shares during the last quarter. Parallel Advisors LLC grew its position in shares of EPAM Systems by 215.5% during the 2nd quarter. Parallel Advisors LLC now owns 366 shares of the information technology services provider’s stock valued at $65,000 after acquiring an additional 250 shares during the period. UMB Bank n.a. increased its stake in shares of EPAM Systems by 275.0% during the 2nd quarter. UMB Bank n.a. now owns 390 shares of the information technology services provider’s stock worth $69,000 after purchasing an additional 286 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of EPAM Systems by 82.8% in the 2nd quarter. CX Institutional now owns 457 shares of the information technology services provider’s stock worth $81,000 after purchasing an additional 207 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Price Performance

EPAM stock opened at $180.36 on Friday. The firm has a 50 day moving average of $157.43 and a 200-day moving average of $165.92. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems, Inc. has a 12 month low of $138.15 and a 12 month high of $269.00. The firm has a market capitalization of $10.05 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67.

EPAM Systems (NYSE:EPAM – Get Free Report) last posted its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the firm posted $3.12 EPS. EPAM Systems’s revenue was up 19.4% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a stock buyback program on Tuesday, October 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the information technology services provider to reacquire up to 12.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

EPAM has been the subject of several research reports. Mizuho increased their price objective on EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a report on Tuesday. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. JPMorgan Chase & Co. lifted their target price on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Morgan Stanley cut 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 report on Tuesday, September 9th. Finally, TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $213.81.

Check Out Our Latest Analysis on EPAM

Insider Buying and Selling at EPAM Systems

In related news, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $181.80, for a total value of $454,500.00. Following the completion of the sale, the senior vice president directly owned 38,124 shares in the company, valued at approximately $6,930,943.20. The trade was a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Profile

(Free Report)

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.

See Also

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