6,637,475 Shares in EPAM Systems, Inc. $EPAM Acquired by BlackRock Inc.

Key Points

• BlackRock acquired 6.64 million EPAM shares in the second quarter, valued at approximately $526.7 million, giving it a 12.71% stake. Institutional investors collectively own 91.58% of the company.
• Analyst sentiment is mixed, with seven Buy, nine Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $116.47.
• EPAM reported quarterly earnings of $3.38 per share, beating estimates of $3.16, while revenue reached $1.41 billion, up 4.6% year over year. Shares opened at $111.22, and the company maintained fiscal 2026 EPS guidance of $13.08–$13.24.

BlackRock Inc. bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,637,475 shares of the information technology services provider's stock, valued at approximately $526,684,000. BlackRock Inc. owned about 12.71% of EPAM Systems at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in EPAM Systems by 4,233.3% in the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of EPAM Systems during the 2nd quarter valued at about $27,000. 1248 Management LLC acquired a new stake in EPAM Systems during the fourth quarter worth approximately $32,000. Rothschild Investment LLC increased its holdings in EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider's stock worth $33,000 after purchasing an additional 54 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in EPAM Systems in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 91.58% of the company's stock.

Analyst Upgrades and Downgrades

EPAM has been the topic of several research analyst reports. Mizuho set a $130.00 target price on shares of EPAM Systems in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their price objective on shares of EPAM Systems from $142.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, August 7th. TD Cowen reduced their target price on EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Truist Financial dropped their price target 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. Finally, Wedbush began coverage on EPAM Systems in a report on Monday, June 15th. They issued a "neutral" rating and a $99.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $116.47.

EPAM Systems Trading Up 0.8%

Shares of EPAM opened at $111.22 on Tuesday. The business has a 50-day moving average of $92.37 and a 200 day moving average of $114.83. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The firm has a market cap of $5.74 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the previous year, the business earned $2.77 earnings per share. The firm's quarterly revenue 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. As a group, research analysts forecast that EPAM Systems, Inc. will post 10.48 EPS for the current 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.

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