AIA Group Ltd Sells 19,809 Shares of EPAM Systems, Inc. $EPAM

Key Points

• AIA Group cut its EPAM Systems stake by 63.4%, selling 19,809 shares in the third quarter and retaining 11,440 shares valued at about $1.24 million.
• EPAM beat quarterly earnings and revenue estimates, with EPS of $3.51 and revenue of $1.43 billion; revenue grew 2.3% year over year. The company also raised its 2026 guidance.
• Analyst views remain mixed: six rate EPAM a Buy and eleven a Hold, giving it a consensus Hold rating and an average price target of $130.73.

AIA Group Ltd reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 63.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,440 shares of the information technology services provider's stock after selling 19,809 shares during the period. AIA Group Ltd's holdings in EPAM Systems were worth $1,240,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. lifted its position in shares of EPAM Systems by 47.3% during the third quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 86 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of EPAM Systems by 4.7% in the first quarter. Bradley Foster & Sargent Inc. CT now owns 2,812 shares of the information technology services provider's stock valued at $381,000 after purchasing an additional 126 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of EPAM Systems by 14.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,169 shares of the information technology services provider's stock valued at $127,000 after purchasing an additional 146 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of EPAM Systems by 31.4% in the third quarter. Nisa Investment Advisors LLC now owns 708 shares of the information technology services provider's stock valued at $77,000 after purchasing an additional 169 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its stake in EPAM Systems by 6.0% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,911 shares of the information technology services provider's stock worth $424,000 after buying an additional 222 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EPAM shares. William Blair lowered shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a report on Thursday, August 6th. Truist Financial dropped their price target on shares of EPAM Systems from $112.00 to $110.00 and set a "hold" rating for the company in a research note on Friday, August 7th. Morgan Stanley upped their price objective on EPAM Systems from $97.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Wells Fargo & Company increased their price objective on EPAM Systems from $125.00 to $156.00 and gave the company an "overweight" rating in a research note on Monday, October 26th. Finally, Needham & Company LLC lifted their target price on EPAM Systems from $120.00 to $200.00 and gave the company a "buy" rating in a report on Thursday. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, EPAM Systems has a consensus rating of "Hold" and a consensus target price of $130.73.

Key Headlines Impacting EPAM Systems

Here are the key news stories impacting EPAM Systems this week:

• Positive Sentiment: EPAM reported non-GAAP diluted EPS of $3.51, above analysts’ $3.41 estimate and 14% higher year over year. Revenue of $1.426 billion also topped expectations, while operating margins improved. EPAM Q3 results
• Positive Sentiment: The company raised its 2026 guidance, projecting revenue growth of 3.5%–3.7% and non-GAAP diluted EPS of $13.23–$13.31. It also expects fourth-quarter adjusted EPS of $3.50–$3.58. EPAM FY26 outlook
• Positive Sentiment: EPAM increased its remaining share-repurchase authorization to $1.8 billion, plans a $500 million accelerated repurchase, and committed to returning at least 50% of free cash flow to shareholders annually from 2027 through 2029. EPAM share buyback announcement
• Positive Sentiment: Needham raised its price target to $200 from $120 and maintained a Buy rating, adding to positive sentiment following the results. Needham recommendations
• Neutral Sentiment: Despite the earnings beat, revenue grew 2.3% year over year, indicating growth remains modest. EPAM Q3 results

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $167.47 on Friday. The business has a 50-day simple moving average of $120.95 and a 200-day simple moving average of $121.64. 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, Inc. has a one year low of $73.06 and a one year high of $222.53. The company has a market cap of $8.64 billion, a PE ratio of 22.69, a P/E/G ratio of 1.43 and a beta of 1.28.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.10. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter last year, the company earned $3.08 earnings per share. The firm's revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that EPAM Systems, Inc. will post 10.47 EPS for the current fiscal year.

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.

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