EPAM Systems, Inc. $EPAM Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Cuts Position

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 17.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,000 shares of the information technology services provider’s stock after selling 5,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in EPAM Systems were worth $2,601,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EPAM. BlackRock Inc. purchased a new position in shares of EPAM Systems in the 2nd quarter valued at about $526,684,000. Dimensional Fund Advisors LP lifted its stake in EPAM Systems by 25.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after purchasing an additional 219,388 shares during the last quarter. Bank of America Corp DE lifted its stake in EPAM Systems by 15.9% during the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock worth $84,584,000 after purchasing an additional 85,480 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in EPAM Systems by 7.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock worth $47,199,000 after purchasing an additional 25,152 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in EPAM Systems by 26.6% in the first quarter. Bessemer Group Inc. now owns 305,052 shares of the information technology services provider’s stock valued at $41,305,000 after purchasing an additional 64,078 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

NYSE:EPAM opened at $143.89 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $7.42 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.39. The firm has a 50-day moving average price of $118.75 and a two-hundred day moving average price of $122.68. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $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. As a group, research analysts expect that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup raised their price objective on shares of EPAM Systems from $100.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. Morgan Stanley set a $97.00 target price on shares of EPAM Systems in a report on Friday, August 7th. Stifel Nicolaus set a $135.00 target price on shares of EPAM Systems in a research report on Thursday, August 6th. Mizuho set a $130.00 price target on shares of EPAM Systems in a research note on Monday, August 10th. Finally, Weiss Ratings upgraded EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Six equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $122.53.

EPAM Systems Company Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.