Empirical Finance LLC Invests $561,000 in EPAM Systems, Inc. $EPAM

Empirical Finance LLC purchased a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,076 shares of the information technology services provider’s stock, valued at approximately $561,000.

Several other large investors have also recently bought and sold shares of EPAM. Rothschild Investment LLC lifted its stake in EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in EPAM Systems by 4.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock valued at $322,000 after acquiring an additional 67 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of EPAM Systems by 2.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock valued at $550,000 after purchasing an additional 74 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of EPAM Systems by 4.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,144 shares of the information technology services provider’s stock valued at $439,000 after purchasing an additional 82 shares during the period. Finally, Clearstead Advisors LLC lifted its position in shares of EPAM Systems by 60.3% in the fourth quarter. Clearstead Advisors LLC now owns 242 shares of the information technology services provider’s stock worth $50,000 after purchasing an additional 91 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. JPMorgan Chase & Co. downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Wednesday, August 26th. William Blair lowered shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Morgan Stanley set a $97.00 price target on shares of EPAM Systems in a report on Friday, August 7th. Finally, TD Cowen dropped their price target on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.47.

EPAM Systems Stock Down 0.1%

Shares of EPAM Systems stock opened at $114.62 on Friday. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.18 and a beta of 1.38. The stock has a 50-day simple moving average of $101.25 and a 200-day simple moving average of $109.82. 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 current ratio of 2.75 and a quick ratio of 2.75.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The firm’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.77 earnings per share. 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. On average, equities research analysts expect that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

EPAM Systems Company Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps businesses design, develop and modernize software and digital products. Its services include software engineering, product development, platform engineering, cloud transformation, data and analytics, artificial intelligence, cybersecurity, consulting and experience design.

EPAM serves clients across industries such as financial services, healthcare, life sciences, retail, travel and hospitality, media, telecommunications, energy and manufacturing.