Oppenheimer Asset Management Inc. Acquires Shares of 117,391 EPAM Systems, Inc. $EPAM

Oppenheimer Asset Management Inc. bought a new position in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 117,391 shares of the information technology services provider’s stock, valued at approximately $9,315,000. Oppenheimer Asset Management Inc. owned about 0.22% of EPAM Systems at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EPAM. Brighton Jones LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in EPAM Systems by 68.6% during the 1st 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in EPAM Systems by 53.8% during the 1st 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 in the last quarter. United Services Automobile Association bought a new position in EPAM Systems in the 1st quarter valued at $229,000. Finally, Empowered Funds LLC boosted its position in EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after buying an additional 1,291 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on EPAM. Stifel Nicolaus set a $135.00 target price on EPAM Systems in a research report on Thursday, August 6th. Wells Fargo & Company decreased their price target on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. Citigroup decreased their price target on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. Truist Financial dropped their price objective on EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $85.00 target price on shares of EPAM Systems in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.47.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $100.53 on Friday. The firm has a fifty day moving average of $91.00 and a two-hundred day moving average of $119.85. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.05 and a beta of 1.39. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business posted $2.77 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. 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. As a group, equities research analysts predict that EPAM Systems, Inc. will post 10.4 EPS for the current year.

About EPAM Systems

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.