VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in EPAM Systems, Inc. $EPAM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 29,100 shares of the information technology services provider’s stock, valued at approximately $2,309,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of EPAM Systems as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in EPAM Systems by 7.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock valued at $47,199,000 after buying an additional 25,152 shares in the last quarter. Bank Hapoalim BM bought a new stake in shares of EPAM Systems in the second quarter valued at about $1,491,000. Bank of America Corp DE boosted its position in shares of EPAM Systems by 15.9% in the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock valued at $84,584,000 after acquiring an additional 85,480 shares during the period. Lazard Asset Management LLC grew its stake in shares of EPAM Systems by 82.2% in the first quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider’s stock valued at $5,325,000 after acquiring an additional 17,737 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of EPAM Systems in the second quarter valued at about $9,315,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.1%

EPAM opened at $114.62 on Friday. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53. The company has a 50-day simple moving average of $101.25 and a 200 day simple moving average of $109.82. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The stock has a market capitalization 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.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating the consensus estimate of $3.16 by $0.22. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates 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 period last year, the firm 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. Analysts predict that EPAM Systems, Inc. will post 10.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EPAM shares. Morgan Stanley set a $97.00 price objective on shares of EPAM Systems in a research note on Friday, August 7th. JPMorgan Chase & Co. cut shares of EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Wednesday, August 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of EPAM Systems in a report on Tuesday, August 4th. Wells Fargo & Company dropped their price target on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Finally, Wedbush started coverage on EPAM Systems in a research note on Monday, June 15th. They issued a “neutral” rating and a $99.00 price target for the company. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of “Hold” and an average price target of $116.47.

EPAM Systems 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.