EPAM Systems, Inc. $EPAM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in EPAM Systems, Inc. (NYSE:EPAM) by 36.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,942 shares of the information technology services provider’s stock after selling 6,263 shares during the period. State of Alaska Department of Revenue’s holdings in EPAM Systems were worth $1,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of EPAM Systems during the second quarter worth about $526,684,000. Bank of America Corp DE purchased a new stake in EPAM Systems in the second quarter valued at approximately $52,531,000. Bank of New York Mellon Corp acquired a new position in EPAM Systems in the 2nd quarter worth approximately $24,729,000. Assenagon Asset Management S.A. increased its holdings in EPAM Systems by 1,560.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 292,542 shares of the information technology services provider’s stock worth $23,213,000 after buying an additional 274,923 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in EPAM Systems during the 2nd quarter worth approximately $18,816,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 2.5%

Shares of EPAM opened at $130.58 on Wednesday. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.32 and a beta of 1.39. EPAM Systems, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53. The stock’s 50-day moving average price is $112.94 and its 200-day moving average price is $105.34. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced 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 period last year, the business 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. On average, sell-side analysts predict that EPAM Systems, Inc. will post 10.47 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC decreased their price objective on shares of EPAM Systems from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Guggenheim dropped their price objective on shares of EPAM Systems from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Truist Financial cut their price objective on shares of EPAM Systems from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, August 7th. Citigroup cut their price objective on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Susquehanna reduced their target price on shares of EPAM Systems from $167.00 to $146.00 and set a “positive” rating for the company in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average 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 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.