Empowered Funds LLC Acquires Shares of 57,139 EPAM Systems, Inc. $EPAM

Key Points

• Empowered Funds LLC acquired 57,139 EPAM Systems shares worth approximately $4.5 million, representing about 0.11% of the company. Institutional investors collectively own 91.58% of EPAM.
• Analyst sentiment has weakened, with several firms downgrading the stock or cutting price targets. EPAM has a consensus “Hold” rating and an average target price of $116.47.
• EPAM reported quarterly EPS of $3.38, exceeding estimates of $3.16, while revenue reached $1.41 billion and rose 4.6% year over year. The stock opened at $117.90, up 2.7%.

Empowered Funds LLC bought a new position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 57,139 shares of the information technology services provider's stock, valued at approximately $4,534,000. Empowered Funds LLC owned about 0.11% of EPAM Systems as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in EPAM Systems during the second quarter worth $526,684,000. Capital World Investors increased its position in shares of EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider's stock valued at $753,874,000 after purchasing an additional 1,371,557 shares during the last quarter. Boston Partners purchased a new stake in shares of EPAM Systems during the 4th quarter valued at $349,428,000. JPMorgan Chase & Co. raised its stake 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 worth $235,188,000 after purchasing an additional 416,324 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 during the period. 91.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EPAM. William Blair lowered shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 6th. Needham & Company LLC lowered their price objective on shares of EPAM Systems from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a research note on Tuesday, August 4th. Jefferies Financial Group downgraded shares of 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 research report on Friday, May 29th. Finally, The Goldman Sachs Group lowered shares of EPAM Systems from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $215.00 to $110.00 in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $116.47.

EPAM Systems Stock Up 2.7%

EPAM stock opened at $117.90 on Tuesday. The stock has a fifty day moving average of $95.51 and a 200-day moving average of $112.27. EPAM Systems, Inc. has a fifty-two week low of $73.06 and a fifty-two week high of $222.53. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.16 by $0.22. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, equities research analysts predict that EPAM Systems, Inc. will post 10.48 earnings per share 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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