5,100 EPAM Systems, Inc. $EPAM Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 17.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,000 shares of the information technology services provider’s stock after selling 5,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in EPAM Systems were worth $2,601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EPAM. BlackRock Inc. purchased a new stake in EPAM Systems during the 2nd quarter worth $526,684,000. Dimensional Fund Advisors LP raised its position in EPAM Systems by 25.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock valued at $144,789,000 after purchasing an additional 219,388 shares during the period. Bank of America Corp DE raised its position in EPAM Systems by 15.9% in the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock valued at $84,584,000 after purchasing an additional 85,480 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of EPAM Systems by 7.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock worth $47,199,000 after purchasing an additional 25,152 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of EPAM Systems by 26.6% during the first quarter. Bessemer Group Inc. now owns 305,052 shares of the information technology services provider’s stock worth $41,305,000 after purchasing an additional 64,078 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $143.89 on Tuesday. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.42 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The firm’s fifty day moving average price is $118.75 and its 200 day moving average price is $122.68.

EPAM Systems (NYSE:EPAM) last announced its earnings results 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 for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. EPAM Systems’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, research analysts forecast that EPAM Systems, Inc. will post 10.47 EPS for the current fiscal year.

Analyst Ratings Changes

EPAM has been the subject of several analyst reports. Guggenheim upped their target price on EPAM Systems from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup raised their target price on EPAM Systems from $100.00 to $140.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Susquehanna reduced their price target on EPAM Systems from $167.00 to $146.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. William Blair cut EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Finally, Morgan Stanley set a $97.00 price objective on shares of EPAM Systems in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Hold” and a consensus target price of $122.53.

EPAM Systems Company Profile

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.