Norges Bank Makes New Investment in EPAM Systems, Inc. $EPAM

Norges Bank purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 721,738 shares of the information technology services provider’s stock, valued at approximately $147,870,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EPAM. Brighton Jones LLC purchased a new position in shares of EPAM Systems in the fourth quarter worth $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of EPAM Systems by 68.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 3,880 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of EPAM Systems by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after buying an additional 117,170 shares during the last quarter. United Services Automobile Association purchased a new position in shares of EPAM Systems in the first quarter worth $229,000. Finally, Empowered Funds LLC raised its holdings in shares of EPAM Systems by 134.1% in the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock worth $381,000 after buying an additional 1,291 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Needham & Company LLC decreased their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $215.00 to $110.00 in a report on Friday, May 8th. TD Cowen reduced their target price on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a report on Monday, April 6th. Morgan Stanley set a $112.00 target price on shares of EPAM Systems in a report on Friday, May 8th. Finally, Susquehanna reduced their target price on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $152.00.

EPAM Systems Trading Down 5.8%

Shares of EPAM Systems stock opened at $97.26 on Thursday. The stock has a market cap of $5.08 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a fifty day moving average price of $116.24 and a 200 day moving average price of $160.28. EPAM Systems, Inc. has a 1 year low of $89.25 and a 1 year high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $2.41 earnings per share. Equities research analysts predict that EPAM Systems, Inc. will post 10.4 earnings per share for the current year.

EPAM Systems News Roundup

Here are the key news stories impacting EPAM Systems this week:

• Positive Sentiment: Zacks Research lifted EPAM’s earnings outlook across several future periods, including FY2026 EPS to $10.30, FY2027 EPS to $11.17, and FY2028 EPS to $12.21, suggesting stronger long-term profitability expectations.
• Positive Sentiment: Analysts also increased quarterly estimates for Q3 2026, Q4 2026, Q2 2027, Q3 2027, and Q4 2027, which may indicate improving near- and medium-term business momentum for EPAM.
• Neutral Sentiment: One analyst note linked EPAM to a broader discussion about whether leaving the S&P 500 could affect governance and competitive positioning, but the item appears more speculative than directly fundamental. Does EPAM (EPAM) Leaving the S&P 500 Recast Its Governance and Competitive Positioning?
• Negative Sentiment: Zacks trimmed its Q2 2026 EPS estimate slightly to $2.41 from $2.43 and lowered Q1 2027 EPS to $2.45 from $2.55, showing that not every near-term period saw an improvement.

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.