Freestone Grove Partners LP Takes Position in EPAM Systems, Inc. $EPAM

Key Points

• Freestone Grove Partners LP acquired 237,130 EPAM Systems shares in the second quarter, valued at approximately $18.8 million and representing about 0.46% of the company.
• Institutional investors own 91.58% of EPAM’s stock. Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $116.47.
• EPAM reported quarterly EPS of $3.38, exceeding estimates of $3.16, while revenue reached $1.41 billion, up 4.6% year over year.

Freestone Grove Partners LP bought a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 237,130 shares of the information technology services provider's stock, valued at approximately $18,816,000. Freestone Grove Partners LP owned about 0.46% of EPAM Systems as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in shares of EPAM Systems by 4,233.3% during the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 127 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in EPAM Systems during the 2nd quarter valued at $27,000. 1248 Management LLC acquired a new stake in EPAM Systems during the 4th quarter valued at $32,000. Rothschild Investment LLC boosted its position 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 purchasing an additional 54 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in EPAM Systems during the second quarter worth $30,000. Institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

EPAM has been the topic of several research analyst reports. Wedbush began coverage on shares of EPAM Systems in a research report on Monday, June 15th. They issued a "neutral" rating and a $99.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of EPAM Systems from an "overweight" rating to a "neutral" rating and set a $120.00 price target on the stock. in a research note on Wednesday. Guggenheim cut their price objective on shares of EPAM Systems from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, August 10th. Weiss Ratings restated a "sell (d+)" rating on shares of EPAM Systems in a report on Tuesday, August 4th. Finally, William Blair downgraded EPAM Systems from an "outperform" rating to a "market perform" rating in a research report on Thursday, August 6th. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $116.47.

EPAM Systems Trading Up 3.5%

Shares of EPAM Systems stock opened at $113.17 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a 50-day moving average of $93.90 and a 200-day moving average of $113.32. EPAM Systems, Inc. has a 52-week low of $73.06 and a 52-week high of $222.53. The stock has a market cap of $5.84 billion, a PE ratio of 15.33, a PEG ratio of 1.12 and a beta of 1.39.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, topping analysts' consensus estimates of $3.16 by $0.22. The business had revenue of $1.41 billion for 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%. EPAM Systems's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last 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. As a group, sell-side analysts forecast that EPAM Systems, Inc. will post 10.48 EPS for the current 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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