Bank of America Corp DE Increases Stock Position in EPAM Systems, Inc. $EPAM

Bank of America Corp DE raised its stake in EPAM Systems, Inc. (NYSE:EPAM) by 15.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 624,699 shares of the information technology services provider’s stock after buying an additional 85,480 shares during the period. Bank of America Corp DE’s holdings in EPAM Systems were worth $84,584,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in EPAM Systems by 1.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after buying an additional 13,768 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of EPAM Systems by 289.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock worth $3,544,000 after acquiring an additional 12,861 shares in the last quarter. Aikya Investment Management Ltd raised its stake in shares of EPAM Systems by 8.4% during the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after acquiring an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of EPAM Systems by 14.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after acquiring an additional 54,075 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of EPAM Systems by 429.1% in the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock worth $2,294,000 after acquiring an additional 9,080 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

EPAM Systems stock opened at $97.52 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $91.11 and a 200-day moving average of $123.83. The firm has a market cap of $5.09 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.92 and a beta of 1.39. EPAM Systems, Inc. has a 1-year low of $73.06 and a 1-year high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $2.77 earnings per share. EPAM Systems’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. Sell-side analysts expect that EPAM Systems, Inc. will post 10.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EPAM shares. Citigroup reduced their target price on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $215.00 to $110.00 in a research note on Friday, May 8th. Guggenheim cut their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Needham & Company LLC reduced their price objective on EPAM Systems from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of EPAM Systems from $142.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $125.13.

Key EPAM Systems News

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, above the $3.14–$3.16 analyst consensus, while revenue of $1.415 billion was approximately in line with expectations and increased 4.5% year over year. Non-GAAP operating margin expanded to 16.4% from 15.0%, and EPS rose 22% from the prior year. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Full-year adjusted EPS guidance of $13.08 to $13.24 is above the roughly $12.53 consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM additionally repurchased $85 million of stock during the quarter, bringing year-to-date repurchases to $409 million. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: JPMorgan lowered its price target to $120 from $142 but retained an “overweight” rating. Susquehanna cut its target to $146 from $167 while maintaining a “positive” rating, and Needham reduced its target to $120 from $135 while keeping a “buy” rating. The revised targets still imply substantial potential appreciation from recent levels.
• Negative Sentiment: EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth, reflecting weaker demand for software services. Reuters reported that the forecast cut triggered a sharp premarket selloff and remains the main investor concern. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Truist lowered its price target to $110 from $112 and assigned a “hold” rating, while William Blair downgraded EPAM from “outperform” to “market perform.” These actions reinforce caution around the company’s slower top-line growth.

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.