Globeflex Capital L P Acquires New Position in EPAM Systems, Inc. $EPAM

Globeflex Capital L P acquired a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,089 shares of the information technology services provider's stock, valued at approximately $1,753,000.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of EPAM Systems during the 4th quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 worth $1,611,000 after buying an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 worth $56,587,000 after buying an additional 117,170 shares in the last quarter. United Services Automobile Association bought a new stake in EPAM Systems during the first quarter valued at $229,000. Finally, Empowered Funds LLC boosted its stake in 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 valued at $381,000 after buying an additional 1,291 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 0.8%

EPAM stock opened at $111.22 on Tuesday. The company has a market capitalization of $5.74 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. EPAM Systems, Inc. has a one year low of $73.06 and a one year high of $222.53. The company's 50 day moving average price is $92.37 and its two-hundred day moving average price is $114.83. 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 company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior 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. As a group, analysts predict that EPAM Systems, Inc. will post 10.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAM has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, July 10th. Wedbush initiated coverage on shares of EPAM Systems in a research note on Monday, June 15th. They issued a "neutral" rating and a $99.00 target price on the stock. Truist Financial dropped their target price on shares of EPAM Systems from $112.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. Finally, Mizuho set a $130.00 price objective on shares of EPAM Systems in a research report on Monday, August 10th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, EPAM Systems has an average rating of "Hold" and an average target price of $116.47.

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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