Allspring Global Investments Holdings LLC Buys 34,108 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Allspring Global Investments Holdings LLC boosted its stake in EPAM Systems by 430.4%, acquiring 34,108 shares to own 42,032 shares valued at about $8.43 million at the end of the quarter.
• While several analysts have recently trimmed price targets (e.g., Wells Fargo, Goldman, Truist) and some ratings moved toward "hold," the consensus remains a Moderate Buy with a $196.06 target; EPAM also beat Q4 EPS and revenue expectations, reported revenue up 12.8%, and provided FY2026 EPS guidance of 12.60–12.90 (Q1 guidance 2.70–2.78).

Allspring Global Investments Holdings LLC lifted its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 430.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,032 shares of the information technology services provider's stock after buying an additional 34,108 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of EPAM Systems worth $8,426,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of EPAM Systems by 28.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider's stock worth $401,532,000 after purchasing an additional 596,760 shares in the last quarter. Barclays PLC grew its stake in EPAM Systems by 504.1% during the third quarter. Barclays PLC now owns 698,613 shares of the information technology services provider's stock worth $105,344,000 after buying an additional 582,966 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of EPAM Systems by 4,413.0% during the third quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider's stock worth $55,707,000 after buying an additional 361,249 shares in the last quarter. Aikya Investment Management Ltd increased its holdings in shares of EPAM Systems by 97.0% during the third quarter. Aikya Investment Management Ltd now owns 704,821 shares of the information technology services provider's stock worth $106,280,000 after buying an additional 347,091 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its holdings in shares of EPAM Systems by 79.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 644,988 shares of the information technology services provider's stock worth $97,258,000 after acquiring an additional 284,840 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their price target on EPAM Systems from $247.00 to $195.00 and set an "overweight" rating for the company in a report on Friday, February 20th. The Goldman Sachs Group decreased their target price on EPAM Systems from $250.00 to $235.00 and set a "buy" rating on the stock in a report on Thursday, February 19th. Truist Financial lowered their target price on EPAM Systems from $220.00 to $146.00 and set a "hold" rating for the company in a research note on Friday, February 20th. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Mizuho increased their price objective on shares of EPAM Systems from $199.00 to $200.00 and gave the stock an "outperform" rating in a report on Monday, March 16th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus target price of $196.06.

EPAM Systems Trading Down 0.1%

Shares of EPAM opened at $137.90 on Monday. The stock's fifty day simple moving average is $155.99 and its 200-day simple moving average is $173.32. The firm has a market capitalization of $7.23 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.34 and a beta of 1.73. EPAM Systems, Inc. has a 12-month low of $125.57 and a 12-month high of $222.53. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.10. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. EPAM Systems had a return on equity of 13.57% and a net margin of 6.92%.The company's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.84 EPS. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. As a group, research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

About EPAM Systems

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.

Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems, Inc. (NYSE:EPAM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.