EPAM Systems, Inc. $EPAM Stock: State of Alaska Department of Revenue Decreases Holdings

State of Alaska Department of Revenue cut its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 36.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of EPAM Systems in the 2nd quarter valued at about $526,684,000. Dimensional Fund Advisors LP raised its holdings in EPAM Systems by 25.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after purchasing an additional 219,388 shares during the period. Bank of America Corp DE purchased a new position in EPAM Systems during the second quarter worth approximately $52,531,000. Arrowstreet Capital Limited Partnership boosted its position in 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, Bank of New York Mellon Corp purchased a new position in EPAM Systems during the second quarter worth approximately $24,729,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $130.58 on Wednesday. The firm has a 50-day simple moving average of $112.94 and a 200-day simple moving average of $105.34. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.39. 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, Inc. has a 52 week low of $73.06 and a 52 week high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.22. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.41 billion. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm 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, equities analysts predict that EPAM Systems, Inc. will post 10.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on EPAM shares. Needham & Company LLC dropped their price objective on EPAM Systems from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Morgan Stanley set a $97.00 target price on EPAM Systems in a research note on Friday, August 7th. Stifel Nicolaus set a $135.00 target price on EPAM Systems in a research note on Thursday, August 6th. Truist Financial decreased their target price on EPAM Systems from $112.00 to $110.00 and set a “hold” rating on the stock in a research report on Friday, August 7th. Finally, William Blair cut shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, EPAM Systems has an average rating of “Hold” and an average target price of $116.47.

EPAM Systems 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.