Jupiter Topco LLC Invests $1.93 Million in EPAM Systems, Inc. $EPAM

Key Points

• Jupiter Topco purchased 24,265 EPAM Systems shares worth approximately $1.93 million in the second quarter. Institutional investors collectively own 91.58% of the company.
• EPAM exceeded quarterly earnings expectations, reporting $3.38 in EPS versus the $3.16 consensus, while revenue rose 4.6% year over year to $1.41 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $116.47 target price. Investors see potential value and a possible $750 million buyback, but AI-driven disruption of legacy consulting services remains a key risk.

Jupiter Topco LLC bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 24,265 shares of the information technology services provider's stock, valued at approximately $1,925,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in EPAM Systems in the second quarter worth about $526,684,000. Boston Partners purchased a new position in shares of EPAM Systems during the 4th quarter worth approximately $349,428,000. Capital World Investors raised its position in shares of EPAM Systems by 59.4% in the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider's stock worth $753,874,000 after acquiring an additional 1,371,557 shares in the last quarter. Norges Bank bought a new position in shares of EPAM Systems in the 4th quarter worth approximately $147,870,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of EPAM Systems by 849.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider's stock valued at $160,649,000 after purchasing an additional 701,500 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

Key Stories Impacting EPAM Systems

Here are the key news stories impacting EPAM Systems this week:

• Positive Sentiment: Analysts raised forward earnings estimates. Zacks Research increased its FY2027 EPS forecast to $11.03 from $10.96 and its FY2028 estimate to $11.90 from $11.82. It also made smaller upward revisions to quarterly forecasts through 2028, suggesting modestly improved expectations for EPAM’s profitability. EPAM Systems FY2026 EPS Estimate Boosted by Zacks Research
• Positive Sentiment: Value-investing appeal is supporting sentiment. Zacks highlighted EPAM as a strong value stock based on its Style Scores. EPAM’s reported financial profile includes a low debt-to-equity ratio of 0.01, a price-to-earnings ratio of 16.28, and a PEG ratio of 1.19, factors that may appeal to investors seeking relatively inexpensive growth. Here's Why EPAM Is a Strong Value Stock
• Positive Sentiment: Potential share buyback catalyst. An investment thesis argues that activist investor Engine Capital could push EPAM to use approximately $750 million for share repurchases. At depressed valuation levels, a buyback could reduce the share count and increase per-share earnings, provided management proceeds with the plan. The thesis also notes that AI-native revenue exceeds 11% of EPAM’s business and is growing sequentially. EPAM Systems: AI Is Eating The Old Business, But 8.7x Earnings Is Too Cheap
• Neutral Sentiment: EPAM recently exceeded quarterly EPS expectations, reporting $3.38 versus the $3.16 consensus, although revenue of $1.41 billion was broadly in line with forecasts. Revenue increased 4.6% year over year, indicating improvement but not strong top-line acceleration.
• Negative Sentiment: AI disruption remains a risk. AI adoption may cannibalize EPAM’s legacy services and create near-term revenue pressure. Flat revenue growth could limit the upside from margin expansion and cost controls if demand for traditional technology consulting weakens.

EPAM Systems Stock Up 2.5%

Shares of EPAM Systems stock opened at $120.17 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 stock has a market capitalization of $6.20 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.20 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 company has a 50-day simple moving average of $97.93 and a two-hundred day simple moving average of $111.19.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating analysts' consensus estimates of $3.16 by $0.22. The firm had revenue of $1.41 billion for 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 business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. On average, analysts anticipate that EPAM Systems, Inc. will post 10.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the topic of several research reports. Morgan Stanley set a $97.00 price target on EPAM Systems in a research report on Friday, August 7th. Citigroup decreased their price objective on EPAM Systems from $112.00 to $100.00 and set a "neutral" rating for the company in a report on Monday, July 27th. Wells Fargo & Company lowered their price objective on EPAM Systems from $151.00 to $125.00 and set an "overweight" rating for the company in a research report on Friday, July 10th. Weiss Ratings restated a "sell (d+)" rating on shares of EPAM Systems in a report on Tuesday, August 4th. Finally, Guggenheim reduced their target price on shares of EPAM Systems from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of "Hold" and a consensus target price of $116.47.

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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