Engineers Gate Manager LP Increases Stock Position in EPAM Systems, Inc. $EPAM

Key Points

• Engineers Gate Manager LP increased its EPAM Systems position by 341.1% in the second quarter, purchasing 40,902 additional shares and bringing its holdings to 52,893 shares valued at approximately $4.2 million.
• EPAM reported quarterly EPS of $3.38, beating estimates of $3.16, while revenue reached $1.41 billion, up 4.6% year over year. The company issued fiscal 2026 EPS guidance of $13.08–$13.24.
• Analyst sentiment remains mixed, with six Buy, ten Hold and one Sell rating; the consensus rating is Hold with an average price target of $116.47.

Engineers Gate Manager LP grew its position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 341.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,893 shares of the information technology services provider's stock after purchasing an additional 40,902 shares during the quarter. Engineers Gate Manager LP owned approximately 0.10% of EPAM Systems worth $4,197,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in EPAM Systems during the 4th quarter worth approximately $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EPAM Systems by 68.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider's stock valued at $1,611,000 after buying an additional 3,880 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of EPAM Systems by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider's stock valued at $56,587,000 after acquiring an additional 117,170 shares during the period. United Services Automobile Association purchased a new position in shares of EPAM Systems during the first quarter worth approximately $229,000. Finally, Empowered Funds LLC grew its position in shares of EPAM Systems by 134.1% during the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider's stock worth $381,000 after acquiring an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Trading Up 2.9%

NYSE EPAM opened at $117.83 on Friday. The stock has a market capitalization of $6.08 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.21 and a beta of 1.38. EPAM Systems, Inc. has a 52-week low of $73.06 and a 52-week high of $222.53. The firm has a 50-day moving average price of $101.84 and a 200 day moving average price of $109.88. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01.

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 for the quarter, beating analysts' consensus estimates of $3.16 by $0.22. The company 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%.The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts expect that EPAM Systems, Inc. will post 10.47 EPS for the current year.

Wall Street Analyst Weigh In

EPAM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $85.00 price target on shares of EPAM Systems in a research report on Friday, July 10th. 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. William Blair lowered shares of EPAM Systems from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 6th. TD Cowen reduced their target price on shares of EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a report on Friday, August 7th. Finally, Morgan Stanley set a $97.00 price target on EPAM Systems in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $116.47.

EPAM Systems Company Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps businesses design, develop and modernize software and digital products. Its services include software engineering, product development, platform engineering, cloud transformation, data and analytics, artificial intelligence, cybersecurity, consulting and experience design.

EPAM serves clients across industries such as financial services, healthcare, life sciences, retail, travel and hospitality, media, telecommunications, energy and manufacturing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.