VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in EPAM Systems, Inc. $EPAM

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 29,100 shares of the information technology services provider’s stock, valued at approximately $2,309,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in EPAM Systems in the second quarter valued at approximately $526,684,000. California State Teachers Retirement System increased its holdings in shares of EPAM Systems by 7,210.2% during the second quarter. California State Teachers Retirement System now owns 4,702,202 shares of the information technology services provider’s stock worth $373,120,000 after buying an additional 4,637,878 shares in the last quarter. Boston Partners bought a new position in shares of EPAM Systems in the 4th quarter valued at $349,428,000. Capital World Investors boosted its holdings in shares of EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after acquiring an additional 1,371,557 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $147,870,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.1%

Shares of EPAM opened at $114.62 on Friday. The company has a market capitalization of $5.91 billion, a PE ratio of 15.53, a PEG ratio of 1.18 and a beta of 1.38. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The stock’s 50-day moving average price is $101.25 and its two-hundred day moving average price is $109.82. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%.The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The business’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. On average, analysts anticipate that EPAM Systems, Inc. will post 10.47 EPS for the current year.

Wall Street Analyst Weigh In

EPAM has been the subject of a number of recent research reports. Citigroup lowered their target price on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a report on Friday, July 10th. William Blair downgraded EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of EPAM Systems in a report on Tuesday, August 4th. Finally, Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from $130.00 to $110.00 in a research report on Friday, May 29th. 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 company. According to MarketBeat.com, EPAM Systems currently has a consensus rating of “Hold” and a consensus price target 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.