Connor Clark & Lunn Investment Management Ltd. Purchases New Holdings in EPAM Systems, Inc. $EPAM

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 69,400 shares of the information technology services provider’s stock, valued at approximately $5,507,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aikya Investment Management Ltd raised its stake in shares of EPAM Systems by 8.4% in the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after acquiring an additional 58,977 shares during the last quarter. Van Berkom & Associates Inc. increased its position in EPAM Systems by 14.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after purchasing an additional 54,075 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in EPAM Systems by 7.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock valued at $47,199,000 after buying an additional 25,152 shares during the period. Bank of America Corp DE grew its stake in shares of EPAM Systems by 15.9% during the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock worth $84,584,000 after purchasing an additional 85,480 shares during the period. Finally, Bank Hapoalim BM bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $1,491,000. Institutional investors own 91.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Susquehanna lowered 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. JPMorgan Chase & Co. downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Wednesday. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $215.00 to $110.00 in a report on Friday, May 8th. Finally, TD Cowen dropped their price target on EPAM Systems from $131.00 to $120.00 and set a “buy” 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’s stock. According to data from MarketBeat.com, EPAM Systems presently has an average rating of “Hold” and an average price target of $116.47.

EPAM Systems Trading Up 3.5%

NYSE:EPAM opened at $113.17 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $93.90 and a 200 day moving average of $113.32. The firm has a market capitalization of $5.84 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.12 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.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, topping the consensus estimate of $3.16 by $0.22. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $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 predict that EPAM Systems, Inc. will post 10.48 earnings per share for the current year.

EPAM Systems 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.