Empowered Funds LLC Invests $4.53 Million in EPAM Systems, Inc. $EPAM

Empowered Funds LLC purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 57,139 shares of the information technology services provider’s stock, valued at approximately $4,534,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new position in EPAM Systems in the 4th quarter worth about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of EPAM Systems by 68.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after buying an additional 3,880 shares during the period. Goldman Sachs Group Inc. increased its position in shares of EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after buying an additional 117,170 shares during the period. United Services Automobile Association purchased a new stake in shares of EPAM Systems in the first quarter worth about $229,000. Finally, First Trust Advisors LP lifted its holdings in shares of EPAM Systems by 132.0% in the second quarter. First Trust Advisors LP now owns 117,320 shares of the information technology services provider’s stock worth $20,745,000 after buying an additional 66,752 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EPAM shares. TD Cowen reduced their price objective on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Truist Financial lowered their target price on shares of EPAM Systems from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Wedbush initiated coverage on shares of EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target for the company. Mizuho set a $130.00 price target on shares of EPAM Systems in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of EPAM Systems in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.47.

EPAM Systems Trading Up 2.7%

Shares of EPAM opened at $117.90 on Tuesday. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53. The company has a market capitalization of $6.08 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The firm’s 50 day simple moving average is $95.51 and its 200 day simple moving average is $112.27.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.22. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.77 EPS. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Sell-side analysts forecast that EPAM Systems, Inc. will post 10.48 earnings per share for the current fiscal year.

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.