Empirical Finance LLC Buys Shares of 7,076 EPAM Systems, Inc. $EPAM

Empirical Finance LLC purchased a new position in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 7,076 shares of the information technology services provider’s stock, valued at approximately $561,000.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of EPAM Systems in the 2nd quarter worth $526,684,000. California State Teachers Retirement System grew its holdings in EPAM Systems by 7,210.2% during the second quarter. California State Teachers Retirement System now owns 4,702,202 shares of the information technology services provider’s stock worth $373,120,000 after acquiring an additional 4,637,878 shares during the period. Capital World Investors raised its position in EPAM Systems by 59.4% in the fourth 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 in the last quarter. Boston Partners bought a new stake in EPAM Systems in the fourth quarter worth about $349,428,000. Finally, JPMorgan Chase & Co. lifted its holdings in EPAM Systems by 56.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after acquiring an additional 416,324 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Down 0.1%

Shares of EPAM opened at $114.62 on Friday. The business’s 50-day moving average price is $101.25 and its 200 day moving average price is $109.82. The stock has a market capitalization of $5.91 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.18 and a beta of 1.38. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01.

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. 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 analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. The business’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. Analysts expect that EPAM Systems, Inc. will post 10.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

EPAM has been the subject of several research reports. Guggenheim reduced their price objective on shares of EPAM Systems from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Monday, August 10th. TD Cowen dropped their target price on shares of EPAM Systems from $131.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, August 7th. William Blair lowered shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Mizuho set a $130.00 target price on shares of EPAM Systems in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered shares of EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Wednesday, August 26th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.47.

About EPAM Systems

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.