EPAM Systems, Inc. $EPAM Shares Bought by Oak Thistle LLC

Key Points

• Oak Thistle LLC increased its EPAM Systems stake by 1,655.3% in the second quarter, acquiring 28,985 additional shares and ending with 30,736 shares worth approximately $2.44 million. Institutional investors and hedge funds collectively own 91.58% of EPAM.
• Analyst sentiment is mixed, with seven Buy, nine Hold, and one Sell rating. The consensus rating is Hold, with an average price target of $116.47 after several analysts recently reduced targets or downgraded the stock.
• EPAM reported quarterly EPS of $3.38, beating estimates of $3.16, while revenue reached $1.41 billion, up 4.6% year over year. Shares opened at $100.27, well below their 52-week high of $222.53.

Oak Thistle LLC lifted its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 1,655.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 30,736 shares of the information technology services provider's stock after buying an additional 28,985 shares during the quarter. Oak Thistle LLC owned approximately 0.06% of EPAM Systems worth $2,439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Asset Management One Co. Ltd. raised its stake in EPAM Systems by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider's stock worth $439,000 after acquiring an additional 51 shares during the period. Rothschild Investment LLC boosted its stake in EPAM Systems by 51.4% in the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider's stock valued at $33,000 after acquiring an additional 54 shares during the period. Horizon Investments LLC boosted its stake in EPAM Systems by 6.4% in the fourth quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider's stock valued at $190,000 after acquiring an additional 56 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of EPAM Systems by 4.5% during 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 purchasing an additional 67 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its holdings 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 valued at $550,000 after purchasing an additional 74 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley set a $97.00 price target on EPAM Systems in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $85.00 price objective on shares of EPAM Systems in a research note on Friday, July 10th. Wells Fargo & Company cut their target price on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating and reduced their price target for the company from $130.00 to $110.00 in a report on Friday, May 29th. Finally, TD Cowen lowered their price target on shares of EPAM Systems from $131.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $116.47.

EPAM Systems Stock Performance

EPAM stock opened at $100.27 on Thursday. The company has a market capitalization of $5.17 billion, a P/E ratio of 13.59, a PEG ratio of 0.95 and a beta of 1.39. The company has a 50-day simple moving average of $90.88 and a 200 day simple moving average of $120.80. 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 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 released its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter last year, the company earned $2.77 EPS. EPAM Systems's quarterly revenue was up 4.6% on a year-over-year basis. 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. Sell-side analysts predict that EPAM Systems, Inc. will post 10.4 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.

Want to see what other hedge funds are holding EPAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EPAM Systems, Inc. (NYSE:EPAM - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source