Bank of America Corp DE Acquires 85,480 Shares of EPAM Systems, Inc. $EPAM

Key Points

• Bank of America increased its EPAM Systems stake by 15.9%, purchasing 85,480 additional shares to hold 624,699 shares worth approximately $84.6 million. Institutional investors collectively own 91.58% of the company.
• EPAM exceeded quarterly EPS expectations with adjusted earnings of $3.38, while revenue rose roughly 4.5% year over year to $1.415 billion. Its full-year adjusted EPS guidance of $13.08–$13.24 is above consensus, supported by share repurchases.
• Slower demand remains the main concern: EPAM lowered its full-year revenue-growth outlook to 3.2%–4.2%, prompting several analysts to cut price targets or downgrade the stock. The analyst consensus rating is “Hold,” with an average target price of $125.13 versus a recent share price near $97.52.

Bank of America Corp DE lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 15.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 624,699 shares of the information technology services provider's stock after buying an additional 85,480 shares during the quarter. Bank of America Corp DE owned about 1.20% of EPAM Systems worth $84,584,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bull Harbor Capital LLC bought a new position in EPAM Systems in the 1st quarter worth approximately $232,000. EverSource Wealth Advisors LLC raised its holdings in EPAM Systems by 611.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 569 shares of the information technology services provider's stock valued at $77,000 after acquiring an additional 489 shares during the period. California State Teachers Retirement System lifted its position in shares of EPAM Systems by 19.9% during the first quarter. California State Teachers Retirement System now owns 64,324 shares of the information technology services provider's stock worth $8,709,000 after acquiring an additional 10,689 shares in the last quarter. Empowered Funds LLC lifted its position in shares of EPAM Systems by 1,969.7% during the first quarter. Empowered Funds LLC now owns 87,568 shares of the information technology services provider's stock worth $11,857,000 after acquiring an additional 83,337 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of EPAM Systems by 82.2% during the first quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider's stock worth $5,325,000 after acquiring an additional 17,737 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EPAM shares. TD Cowen reduced their price target on EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a research report on Friday. Wedbush assumed coverage on EPAM Systems in a report on Monday, June 15th. They set a "neutral" rating and a $99.00 price objective on the stock. The Goldman Sachs Group downgraded EPAM Systems from a "buy" rating to a "neutral" rating and cut their target price for the stock from $215.00 to $110.00 in a research note on Friday, May 8th. Morgan Stanley set a $97.00 target price on EPAM Systems in a report on Friday. Finally, Jefferies Financial Group lowered EPAM Systems from a "buy" rating to a "hold" rating and reduced their target price for the company from $130.00 to $110.00 in a report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $125.13.

EPAM Systems Stock Up 4.8%

Shares of NYSE:EPAM opened at $97.52 on Friday. The firm has a fifty day moving average price of $91.11 and a two-hundred day moving average price of $123.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.67. 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 $5.09 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.92 and a beta of 1.39.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating analysts' consensus estimates of $3.16 by $0.22. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $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. Analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

More EPAM Systems News

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 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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