Freestone Grove Partners LP Invests $18.82 Million in EPAM Systems, Inc. $EPAM

Freestone Grove Partners LP purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, HoldingsChannel.com reports. The fund purchased 237,130 shares of the information technology services provider’s stock, valued at approximately $18,816,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in EPAM Systems in the 2nd quarter valued at about $526,684,000. Capital World Investors lifted its holdings in shares of EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after acquiring an additional 1,371,557 shares during the period. Boston Partners acquired a new stake in shares of EPAM Systems during the 4th quarter worth approximately $349,428,000. JPMorgan Chase & Co. boosted its position in shares of EPAM Systems by 56.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after acquiring an additional 416,324 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in EPAM Systems by 25.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock valued at $144,789,000 after acquiring an additional 219,388 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EPAM shares. Wedbush started coverage on shares of EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price objective for the company. Needham & Company LLC decreased their price target on EPAM Systems from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Morgan Stanley set a $97.00 price target on EPAM Systems in a report on Friday, August 7th. Guggenheim dropped their price objective on EPAM Systems from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Finally, Susquehanna reduced their price objective on EPAM Systems from $167.00 to $146.00 and set a “positive” 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, EPAM Systems presently has an average rating of “Hold” and a consensus price target of $116.47.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $113.17 on Friday. The company’s 50 day moving average price is $93.90 and its two-hundred day moving average price is $113.32. The firm has a market capitalization of $5.84 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.12 and a beta of 1.39. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two 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 announced its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned $2.77 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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 analysts forecast that EPAM Systems, Inc. will post 10.48 earnings per share for the current fiscal year.

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.