12,007 Shares in EPAM Systems, Inc. $EPAM Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) during the third quarter, HoldingsChannel reports. The fund acquired 12,007 shares of the information technology services provider’s stock, valued at approximately $1,811,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of EPAM Systems in the 4th quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in EPAM Systems by 68.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 3,880 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in EPAM Systems by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after buying an additional 117,170 shares during the period. United Services Automobile Association bought a new position in EPAM Systems during the first quarter worth about $229,000. Finally, Empowered Funds LLC increased its stake in shares of EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 1,291 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of EPAM Systems from $225.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Morgan Stanley set a $160.00 price target on shares of EPAM Systems in a research report on Friday, February 20th. Wells Fargo & Company lowered their price objective on shares of EPAM Systems from $247.00 to $195.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Zacks Research lowered EPAM Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, The Goldman Sachs Group decreased their target price on EPAM Systems from $250.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Eleven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $197.81.

Insider Activity

In related news, SVP Boris Shnayder sold 5,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the transaction, the senior vice president directly owned 15,645 shares in the company, valued at approximately $3,238,515. This trade represents a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.30% of the company’s stock.

EPAM Systems Trading Up 0.1%

Shares of NYSE:EPAM opened at $140.94 on Thursday. EPAM Systems, Inc. has a 12 month low of $125.57 and a 12 month high of $222.53. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $188.74 and its 200 day simple moving average is $177.69. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 1.44 and a beta of 1.77.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.10. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.92% and a return on equity of 13.57%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 EPS. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. As a group, research analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

About EPAM Systems

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.