Assenagon Asset Management S.A. Grows Position in EPAM Systems, Inc. $EPAM

Key Points

• Assenagon Asset Management increased its EPAM Systems stake by 1,560.4% in the second quarter, owning 292,542 shares valued at approximately $23.2 million. Institutional investors collectively hold 91.58% of the company.
• EPAM’s second-quarter adjusted EPS of $3.38 exceeded estimates, while revenue rose roughly 4.5% year over year to $1.415 billion. The company also issued above-consensus EPS guidance and repurchased $85 million of stock during the quarter.
• Despite the earnings beat, EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2% because of weaker software-services demand. Analysts have largely adopted a cautious stance, with a consensus “Hold” rating and an average price target of $125.13.

Assenagon Asset Management S.A. lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1,560.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,542 shares of the information technology services provider's stock after buying an additional 274,923 shares during the period. Assenagon Asset Management S.A. owned approximately 0.56% of EPAM Systems worth $23,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its position in EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider's stock worth $27,000 after buying an additional 127 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in EPAM Systems in the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc acquired a new position in shares of EPAM Systems in the 2nd quarter worth approximately $30,000. Sound Income Strategies LLC raised its position in EPAM Systems by 279.5% in the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 109 shares during the period. Finally, 1248 Management LLC acquired a new position in EPAM Systems during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $97.52 on Monday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $91.11 and a 200-day simple moving average of $123.20. The stock has a market cap of $5.09 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating the consensus estimate of $3.16 by $0.22. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.EPAM Systems's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.77 earnings per share. 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. Equities analysts expect that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup lowered their target price on EPAM Systems from $112.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, July 27th. The Goldman Sachs Group cut shares of EPAM Systems from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $215.00 to $110.00 in a report on Friday, May 8th. Morgan Stanley set a $97.00 price target on shares of EPAM Systems in a research report on Friday. William Blair downgraded shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday. Finally, Wells Fargo & Company cut their price objective on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $125.13.

Key Stories Impacting EPAM Systems

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, above the $3.14–$3.16 analyst consensus, while revenue of $1.415 billion was approximately in line with expectations and increased 4.5% year over year. Non-GAAP operating margin expanded to 16.4% from 15.0%, and EPS rose 22% from the prior year. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Full-year adjusted EPS guidance of $13.08 to $13.24 is above the roughly $12.53 consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM additionally repurchased $85 million of stock during the quarter, bringing year-to-date repurchases to $409 million. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: JPMorgan lowered its price target to $120 from $142 but retained an “overweight” rating. Susquehanna cut its target to $146 from $167 while maintaining a “positive” rating, and Needham reduced its target to $120 from $135 while keeping a “buy” rating. The revised targets still imply substantial potential appreciation from recent levels.
• Negative Sentiment: EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth, reflecting weaker demand for software services. Reuters reported that the forecast cut triggered a sharp premarket selloff and remains the main investor concern. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Truist lowered its price target to $110 from $112 and assigned a “hold” rating, while William Blair downgraded EPAM from “outperform” to “market perform.” These actions reinforce caution around the company’s slower top-line growth.

EPAM Systems Company 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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