Bank of New York Mellon Corp Acquires Shares of 311,641 EPAM Systems, Inc. $EPAM

Key Points

• Bank of New York Mellon acquired 311,641 EPAM Systems shares worth approximately $24.7 million, representing about 0.60% of the company. Institutional investors collectively own 91.58% of EPAM.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $116.47; several firms recently lowered their targets or downgraded the stock.
• EPAM reported quarterly EPS of $3.38, exceeding estimates of $3.16, while revenue rose 4.6% year over year to $1.41 billion. Shares opened at $114.86, near the consensus target.

Bank of New York Mellon Corp bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 311,641 shares of the information technology services provider's stock, valued at approximately $24,729,000. Bank of New York Mellon Corp owned about 0.60% of EPAM Systems at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Capital World Investors grew its position in EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider's stock valued at $753,874,000 after acquiring an additional 1,371,557 shares during the last quarter. Boston Partners bought a new stake in shares of EPAM Systems during the 4th quarter valued at approximately $349,428,000. JPMorgan Chase & Co. grew its holdings in shares of EPAM Systems by 56.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider's stock valued at $235,188,000 after purchasing an additional 416,324 shares during the last quarter. Dimensional Fund Advisors LP increased its position in EPAM Systems by 25.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider's stock worth $144,789,000 after purchasing an additional 219,388 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position in EPAM Systems by 19.6% during the 4th quarter. Brandes Investment Partners LP now owns 983,830 shares of the information technology services provider's stock worth $201,570,000 after purchasing an additional 161,280 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Cowen cut their target price on shares of EPAM Systems from $131.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Jefferies Financial Group downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating and lowered their price target for the stock from $130.00 to $110.00 in a report on Friday, May 29th. Mizuho set a $130.00 price target on EPAM Systems in a research note on Monday, August 10th. Citigroup cut their price objective on EPAM Systems from $112.00 to $100.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Finally, The Goldman Sachs Group lowered EPAM Systems from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, EPAM Systems presently has a consensus rating of "Hold" and a consensus target price of $116.47.

EPAM Systems Trading Up 0.1%

NYSE EPAM opened at $114.86 on Monday. The business's 50-day moving average price is $94.67 and its two-hundred day moving average price is $112.78. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The firm has a market capitalization of $5.93 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.39. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.41 billion. During the same period last year, the company earned $2.77 earnings per share. The firm's 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. On average, analysts expect that EPAM Systems, Inc. will post 10.48 EPS for the current year.

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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