Aaron Wealth Advisors LLC Acquires New Position in EPAM Systems, Inc. $EPAM

Aaron Wealth Advisors LLC acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,963 shares of the information technology services provider's stock, valued at approximately $748,000.Why These 3 Tech Stocks Could Be the Best Opportunities You're OverlookingSeveral other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in EPAM Systems by 9.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,349 shares of the information technology services provider's stock worth $203,000 after buying an additional 116 shares during the last quarter. Osaic Holdings Inc. increased its position in EPAM Systems by 147.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,368 shares of the information technology services provider's stock valued at $415,000 after acquiring an additional 1,412 shares during the period. American Trust purchased a new stake in shares of EPAM Systems during the second quarter worth approximately $212,000. Centaurus Financial Inc. acquired a new stake in shares of EPAM Systems in the 2nd quarter worth $135,000. Finally, Orion Porfolio Solutions LLC lifted its position in EPAM Systems by 2.1% in the second quarter. Orion Porfolio Solutions LLC now owns 8,041 shares of the information technology services provider's stock valued at $1,422,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 91.58% of the company's stock. EPAM Systems Stock PerformanceShares of EPAM opened at $204.19 on Thursday. EPAM Systems, Inc. has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The firm has a market cap of $11.28 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.79 and a beta of 1.75. The business's 50 day moving average is $176.02 and its two-hundred day moving average is $169.28. Buyback Accelerators: 3 Stocks Boosting Capacity & Spending SpeedEPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.06. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The company's revenue was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.12 EPS. 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. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year. EPAM Systems announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued. Analysts Set New Price TargetsMarket Got It Wrong—Why Progress Software Deserves a Second LookA number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of EPAM Systems in a research note on Monday. Morgan Stanley cut their price target on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a report on Tuesday, September 9th. Mizuho raised their target price on shares of EPAM Systems from $225.00 to $228.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 11th. Citigroup raised EPAM Systems to a "hold" rating in a research note on Thursday, October 23rd. Finally, Wells Fargo & Company raised shares of EPAM Systems to a "strong-buy" rating in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus price target of $208.40.Check Out Our Latest Stock Report on EPAMInsider Buying and Selling at EPAM SystemsIn other 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 directly owned 146 shares of the company's stock, valued at approximately $21,939.42. This represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gary C. Abrahams sold 600 shares of the company's stock in a transaction on Monday, November 17th. The stock was sold at an average price of $179.29, for a total value of $107,574.00. Following the transaction, the vice president owned 2,720 shares of the company's stock, valued at approximately $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,611 shares of company stock worth $1,824,132. Company insiders own 4.30% of the company's stock. EPAM Systems Company 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.Further ReadingFive stocks we like better than EPAM SystemsDiversification Can Smooth Returns And Mitigate Portfolio RiskPost 35% Surge, Analysts Eye More Upside in Copper Giant FreeportConsumer Discretionary Stocks ExplainedWhy a SpaceX IPO Could Be a Major Catalyst for GOOGL StockStock Ratings and Recommendations: Understanding Analyst RatingsCan Upwork Maintain Its Comeback? Reasons to Be Bullish and BearishThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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