Mirae Asset Global Investments Co. Ltd. Lowers Stock Position in EPAM Systems, Inc. $EPAM

Mirae Asset Global Investments Co. Ltd. trimmed its position in EPAM Systems, Inc. (NYSE:EPAM) by 95.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 511 shares of the information technology services provider’s stock after selling 11,250 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in EPAM Systems were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in shares of EPAM Systems by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after purchasing an additional 51 shares in the last quarter. Rothschild Investment LLC boosted its holdings 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 buying an additional 54 shares during the period. Horizon Investments LLC increased its stake in EPAM Systems by 6.4% in the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after buying an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in EPAM Systems by 4.5% during the fourth 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 during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its position in shares of EPAM Systems by 2.8% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock valued at $550,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EPAM. Truist Financial decreased their target price on EPAM Systems from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Jefferies Financial Group cut shares of EPAM Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research report on Tuesday, August 4th. Wedbush assumed coverage on shares of EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price target on the stock. Finally, Citigroup dropped their price objective on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $116.47.

EPAM Systems Trading Up 1.6%

Shares of EPAM opened at $101.91 on Friday. 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 quick ratio of 2.75 and a current ratio of 2.75. The company’s fifty day moving average is $90.96 and its 200 day moving average is $119.98. The stock has a market capitalization of $5.26 billion, a PE ratio of 13.81, a P/E/G ratio of 1.04 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share 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 net margin of 7.15% and a return on equity of 15.84%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Sell-side analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

EPAM Systems 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.