Connor Clark & Lunn Investment Management Ltd. Makes New Investment in EPAM Systems, Inc. $EPAM

Key Points

• Connor Clark & Lunn Investment Management acquired 69,400 EPAM Systems shares worth approximately $5.5 million, giving it a 0.13% stake. Institutional investors and hedge funds collectively own 91.58% of the company.
• Analysts have recently lowered their price targets, with ratings ranging from buy to sell. EPAM has an average “Hold” rating and a consensus price target of $116.47.
• EPAM reported quarterly earnings of $3.38 per share, exceeding estimates of $3.16, while revenue reached $1.41 billion, up 4.6% year over year.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 69,400 shares of the information technology services provider's stock, valued at approximately $5,507,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of EPAM Systems at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Rothschild Investment LLC increased its stake in EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider's stock worth $33,000 after acquiring an additional 54 shares during the last quarter. Horizon Investments LLC grew its stake in EPAM Systems by 6.4% during the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider's stock worth $190,000 after purchasing an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in EPAM Systems by 4.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider's stock valued at $322,000 after acquiring an additional 67 shares in the last quarter. Bradley Foster & Sargent Inc. CT grew its stake in shares of EPAM Systems by 2.8% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider's stock worth $550,000 after purchasing an additional 74 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of EPAM Systems by 4.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,144 shares of the information technology services provider's stock valued at $439,000 after acquiring an additional 82 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. TD Cowen cut their target price on EPAM Systems from $131.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Citigroup dropped their target price on EPAM Systems from $112.00 to $100.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Susquehanna lowered their target price on shares of EPAM Systems from $167.00 to $146.00 and set a "positive" rating on the stock in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $85.00 price target on shares of EPAM Systems in a research report on Friday, July 10th. Finally, The Goldman Sachs Group downgraded EPAM Systems from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Six investment 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. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of "Hold" and an average price target of $116.47.

EPAM Systems Stock Performance

NYSE:EPAM opened at $113.17 on Friday. 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 firm has a market cap of $5.84 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53. The company has a 50-day moving average of $93.90 and a 200-day moving average of $113.32.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data 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 company 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 quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Analysts forecast that EPAM Systems, Inc. will post 10.48 earnings per share for the current fiscal year.

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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