EPAM jumps as investors refocus on AI partnerships, buyback support, and post-earnings positioning

EPAM Systems, Inc. (EPAM) is up 8.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a rebound after recent weakness, with investors re-highlighting EPAM’s AI-related positioning and capital return activity following its early-May earnings update and related disclosures. This could also be amplified by fresh buy-side/sell-side positioning ahead of upcoming corporate events and broader strength in software/IT services.

Details:

EPAM’s May 7, 2026 Form 8-K furnished its Q1 2026 results and included updated near-term and full-year outlook commentary that investors often use to reset expectations. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1352010/000135201026000026/epam-20260507.htm?utm_source=openai))

The company announced a multi-year applied AI partnership with Anthropic in early May, framing it around enterprise transformation work and workforce enablement, which may be feeding renewed “AI services” optimism. ([prnewswire.com](https://www.prnewswire.com/news/epam-systems%2C-inc./?utm_source=openai))

EPAM disclosed and discussed an accelerated share repurchase (ASR) tied to its broader repurchase authorization, which can mechanically support EPS and signal confidence in intrinsic value. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001352010/000135201026000019/ex991-asr.htm?utm_source=openai))

A recent industry research note highlighted EPAM as a favored idea for 2026 amid stabilizing demand narratives, which may have helped spark bargain-hunting after the pullback. ([williamblair.com](https://www.williamblair.com/Insights/Were-on-IT-Volume-16-Entering-2026-With-Cautious-Momentum?utm_source=openai))

Sources:

SEC, EPAM Investor Relations, PR Newswire, William Blair

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 8 times in the past 6 months. Of those trades, 6 have been purchases and 2 have been sales.

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

BORIS SHNAYDER (SVP/Co-Head of Global Business) sold 5,000 shares for an estimated $1,035,000
GARY C ABRAHAMS (VP, Corporate Controller, PAO) has made 1 purchase buying 77 shares for an estimated $7,499 and 1 sale selling 600 shares for an estimated $107,574.
BALAZS FEJES (CEO, President, Director) purchased 77 shares for an estimated $7,499
LAWRENCE F SOLOMON (SVP/Chief People Officer) purchased 77 shares for an estimated $7,499
JASON D. PETERSON (Chief Financial Officer) purchased 77 shares for an estimated $7,499
VIKTAR DVORKIN (Chief Deliv Off, EVP, Americas) purchased 77 shares for an estimated $7,499
EDWARD ROCKWELL (SVP/Chief Legal Officer) purchased 77 shares for an estimated $7,499

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$EPAM Hedge Fund Activity

We have seen 272 institutional investors add shares of $EPAM stock to their portfolio, and 373 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 3,160,552 shares (+85.9%) to their portfolio in Q1 2026, for an estimated $427,938,740
AMERIPRISE FINANCIAL INC added 1,421,048 shares (+60.2%) to their portfolio in Q1 2026, for an estimated $192,409,899
SENVEST MANAGEMENT, LLC removed 821,432 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $111,221,892
MORGAN STANLEY added 632,970 shares (+130.3%) to their portfolio in Q1 2026, for an estimated $85,704,138
MILLENNIUM MANAGEMENT LLC removed 598,608 shares (-96.8%) from their portfolio in Q1 2026, for an estimated $81,051,523
AQR CAPITAL MANAGEMENT LLC added 545,666 shares (+1322.9%) to their portfolio in Q1 2026, for an estimated $73,883,176
JPMORGAN CHASE & CO added 416,324 shares (+56.9%) to their portfolio in Q4 2025, for an estimated $85,296,461

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$EPAM Congressional Stock Trading

Members of Congress have traded $EPAM stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

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

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/13 and 1 sale worth up to $15,000 on 04/14.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$EPAM Analyst Ratings

Wall Street analysts have issued reports on $EPAM in the last several months. We have seen 2 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 05/07/2026
Goldman Sachs issued a "Buy" rating on 02/20/2026

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 11 analysts offer price targets for $EPAM in the last 6 months, with a median target of $151.0.

Here are some recent targets:

Jason Kupferberg from Wells Fargo set a target price of $151.0 on 05/08/2026
James Schneider from Goldman Sachs set a target price of $110.0 on 05/08/2026
Arvind Ramnani from Truist Securities set a target price of $112.0 on 05/08/2026
Bryan Keane from Citigroup set a target price of $112.0 on 05/08/2026
Jonathan Lee from Guggenheim set a target price of $165.0 on 05/08/2026
Mayank Tandon from Needham set a target price of $135.0 on 05/07/2026
James Faucette from Morgan Stanley set a target price of $148.0 on 05/05/2026

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.