EPAM jumps after announcing $300 million accelerated share repurchase

EPAM Systems, Inc. (EPAM) is up 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most direct catalyst appears to be EPAM’s announcement that it entered into a $300 million accelerated share repurchase (ASR), which can be interpreted as a signal of management confidence and a near-term reduction in share count. Buyback announcements and ASR structures often support the stock by increasing expected earnings per share over time.

Details:

EPAM disclosed on March 5, 2026 that it entered into a fixed-dollar ASR with Morgan Stanley under its existing share repurchase authorization.

The company expects an initial delivery of 1,703,336 shares, valued at about $240 million using the March 4, 2026 closing price; the final number of shares will be determined later based on the average trading price during the ASR period.

The ASR is expected to complete by the second quarter of 2026, with final settlement terms tied to a volume-weighted average price mechanism (net of a discount).

EPAM indicated it plans to fund the repurchase using a combination of cash on hand and borrowings under its credit facility.

Sources:

EPAM Investor Relations, PR Newswire, U.S. Securities and Exchange Commission

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$EPAM Insider Trading Activity

$EPAM insiders have traded $EPAM stock on the open market 13 times in the past 6 months. Of those trades, 7 have been purchases and 6 have been sales.

Here’s a breakdown of recent trading of $EPAM stock by insiders over the last 6 months:

SERGEY YEZHKOV (SVP/Co-Head of Global Business) has made 0 purchases and 2 sales selling 11,590 shares for an estimated $1,747,575.
BORIS SHNAYDER (SVP/Co-Head of Global Business) has made 1 purchase buying 55 shares for an estimated $7,499 and 1 sale selling 5,000 shares for an estimated $1,035,000.
VIKTAR DVORKIN (SVP/Head of Global Delivery) has made 1 purchase buying 55 shares for an estimated $7,499 and 2 sales selling 2,500 shares for an estimated $454,497.
GARY C ABRAHAMS (VP, Corporate Controller, PAO) has made 1 purchase buying 55 shares for an estimated $7,499 and 1 sale selling 600 shares for an estimated $107,574.
BALAZS FEJES (CEO, President, Director) purchased 55 shares for an estimated $7,499
LAWRENCE F SOLOMON (SVP & Chief People Officer) purchased 55 shares for an estimated $7,499
JASON D. PETERSON (Chief Financial Officer) purchased 55 shares for an estimated $7,499
EDWARD ROCKWELL (SVP/General Counsel) purchased 55 shares for an estimated $7,499

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$EPAM Hedge Fund Activity

We have seen 316 institutional investors add shares of $EPAM stock to their portfolio, and 360 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BOSTON PARTNERS added 1,704,768 shares (+inf%) to their portfolio in Q4 2025, for an estimated $349,272,867
CAPITAL WORLD INVESTORS added 1,371,557 shares (+59.4%) to their portfolio in Q4 2025, for an estimated $281,004,598
CITADEL ADVISORS LLC removed 1,286,924 shares (-93.4%) from their portfolio in Q4 2025, for an estimated $263,664,989
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC removed 841,922 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $126,953,418
FIL LTD added 713,596 shares (+inf%) to their portfolio in Q4 2025, for an estimated $146,201,548
PRICE T ROWE ASSOCIATES INC /MD/ added 701,500 shares (+849.3%) to their portfolio in Q4 2025, for an estimated $143,723,320
BARCLAYS PLC removed 615,524 shares (-88.1%) from their portfolio in Q4 2025, for an estimated $126,108,557

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$EPAM Analyst Ratings

Wall Street analysts have issued reports on $EPAM in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 02/20/2026
Goldman Sachs issued a "Buy" rating on 02/20/2026
JP Morgan issued a "Overweight" rating on 11/07/2025
Wells Fargo issued a "Overweight" rating on 10/22/2025

To track analyst ratings and price targets for $EPAM, check out Quiver Quantitative's $EPAM forecast page.

$EPAM Price Targets

Multiple analysts have issued price targets for $EPAM recently. We have seen 9 analysts offer price targets for $EPAM in the last 6 months, with a median target of $183.0.

Here are some recent targets:

Mayank Tandon from Needham set a target price of $175.0 on 02/20/2026
James Schneider from Goldman Sachs set a target price of $235.0 on 02/20/2026
Jason Kupferberg from Wells Fargo set a target price of $195.0 on 02/20/2026
Tien-Tsin Huang from JP Morgan set a target price of $183.0 on 02/20/2026
Bryan Keane from Citigroup set a target price of $155.0 on 02/20/2026
Arvind Ramnani from Truist Securities set a target price of $146.0 on 02/20/2026
Bryan Bergin from TD Cowen set a target price of $243.0 on 01/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.