Corient Private Wealth LP Purchases New Shares in EPAM Systems, Inc. $EPAM

Corient Private Wealth LP bought a new position in EPAM Systems, Inc. (NYSE:EPAM) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 16,139 shares of the information technology services provider’s stock, valued at approximately $1,281,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of EPAM Systems in the second quarter valued at $52,531,000. Freestone Grove Partners LP acquired a new position in EPAM Systems during the second quarter valued at $18,816,000. Man Group plc purchased a new stake in EPAM Systems in the 2nd quarter worth about $8,428,000. Jupiter Topco LLC acquired a new stake in EPAM Systems during the 2nd quarter worth about $1,925,000. Finally, Hsbc Holdings PLC purchased a new position in EPAM Systems during the second quarter valued at approximately $14,992,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 2.3%

EPAM opened at $117.18 on Friday. The firm has a market cap of $6.05 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.23 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75. The business has a 50 day moving average price of $98.66 and a 200 day moving average price of $111.23. EPAM Systems, Inc. has a twelve month low of $73.06 and a twelve month high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. 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. Research analysts forecast that EPAM Systems, Inc. will post 10.47 EPS for the current year.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research reports. The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their target price for the company from $215.00 to $110.00 in a research note on Friday, May 8th. TD Cowen cut their price target on EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Wedbush started coverage on EPAM Systems in a report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target for the company. Susquehanna lowered their price target on EPAM Systems from $167.00 to $146.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. downgraded EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Wednesday, August 26th. Six research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $116.47.

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.