Wishbone Management acquires $15.08 million stake in EPAM Systems
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 01 2026
0mins
Should l Buy EPAM?
Source: Fool
EPAM Systems Inc. saw a price increase of 4.37%, reaching a 20-day high, amid positive market conditions with the Nasdaq-100 up 0.83% and the S&P 500 up 0.58%.
This surge is attributed to Wishbone Management acquiring 100,000 shares of EPAM Systems valued at approximately $15.08 million, marking a strategic investment despite the stock's 12% decline over the past year. The company also reported a strong third-quarter revenue of $1.394 billion, a 19.4% year-over-year increase, and raised its full-year outlook, showcasing its robust performance in digital transformation.
The acquisition reflects confidence in EPAM's growth potential, especially as the company has initiated a $1 billion stock buyback program, indicating a commitment to enhancing shareholder value and a strong belief in its future prospects.
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Analyst Views on EPAM
Wall Street analysts forecast EPAM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EPAM is 214.70 USD with a low forecast of 170.00 USD and a high forecast of 246.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
9 Buy
4 Hold
0 Sell
Moderate Buy
Current: 177.470
Low
170.00
Averages
214.70
High
246.00
Current: 177.470
Low
170.00
Averages
214.70
High
246.00
About EPAM
EPAM Systems, Inc. is a global provider of digital engineering, cloud and AI-enabled transformation services, and is a business and experience consulting partner for global enterprises and startups. The Company addresses its clients’ transformation challenges by fusing EPAM Continuum’s integrated strategy, experience and technology consulting. Through platforms like EPAM AI/RUN and initiatives like DIALX Lab, the Company integrates advanced AI technologies into tailored business strategies, driving industry impact and fostering continuous innovation. Its strategy services include optimizing for growth, talent enablement, mergers & acquisitions, project to product, generative AI advisory, and transformative research & insights. Its engineering services include platform & product development, agile ways of working, quality engineering, open source, and metaverse. It serves various industries, including financial services; telecom, media & entertainment, and life sciences & healthcare.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Stocks Waver Amid Mixed Earnings and Tech Rotation
- Market Fluctuations: The S&P 500 Index is up 0.08%, the Dow Jones Industrial Average is up 0.54%, while the Nasdaq 100 Index is down 0.56%, indicating the complexity of market sentiment amid mixed corporate earnings results.
- Divergent Corporate Performance: Super Micro Computer forecasts Q3 net sales of at least $12.3 billion, significantly above the $10.25 billion consensus, leading to a stock price increase of over 15%; conversely, Advanced Micro Devices' weak Q1 sales forecast results in a stock decline of over 13%, reflecting a reassessment of tech stocks.
- Labor Market Signals: The January ADP employment change rose by 22,000, below the expected 45,000, indicating weakness in the labor market that could influence future monetary policy decisions.
- Government Funding Plan: The funding package signed by President Trump extends funding for the Department of Homeland Security through February 13, while other departments are funded until September 30, alleviating concerns over a government shutdown and boosting investor confidence.
See More
US Stocks Close Lower as Tech Sector Retreats
- Market Decline: The S&P 500 index fell by 0.84%, the Dow Jones by 0.34%, and the Nasdaq 100 by 1.55%, indicating a sharp sell-off after reaching record highs, which negatively impacted investor sentiment.
- Tech Sector Retreat: Data service and software stocks plummeted following the release of an automation tool by AI firm Anthropic, with Thomson Reuters and EPAM Systems down over 15% and 13% respectively, reflecting a loss of confidence in tech stocks.
- Precious Metals Rally: Gold prices surged over 6% and silver over 8%, leading to gains in mining stocks, with Hecla Mining and Freeport McMoRan rising more than 8% and 6% respectively, indicating increased demand for safe-haven assets.
- Economic Outlook Improvement: Richmond Fed President noted an improving US economic outlook despite ongoing risks, with markets focusing on upcoming economic data and the passage of a spending bill to gauge future economic trends.
See More
Mixed US Stock Performance with Tech Stocks Under Pressure
- Divergent Market Performance: The S&P 500 Index fell by 0.35% today while the Dow Jones Industrial Average rose by 0.13%, indicating a split in market sentiment, particularly as weakness in tech stocks weighed on overall performance.
- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
- Economic Data Impact: Despite strong US manufacturing data, the 10-year T-note yield climbed to a 1.5-week high of 4.30%, dampening expectations for further Fed rate cuts and leading to cautious investor sentiment that pressured some stocks.
See More
EPAM Recognized as Top IT Vendor in Europe for Third Consecutive Year
- Exceptional Client Satisfaction: EPAM earned 'Exceptional Performer' status in Whitelane Research's 2025/2026 European IT Sourcing Study, ranking #1 in Application Services and General Satisfaction, underscoring its leadership in digital and AI transformation.
- Broad Participant Feedback: The study involved over 2,500 participants from top IT spending organizations in Europe, evaluating nearly 7,000 unique IT sourcing relationships, with EPAM standing out among 37 IT service providers, reflecting its strong competitive position in the market.
- Importance of Tech Investment: Whitelane Research highlighted that enterprises planning to increase investments in AI and GenAI over the next 2-3 years must choose IT partners like EPAM to tackle challenges such as data quality, systems integration, and talent shortages, further solidifying EPAM's market position.
- Commitment to Continuous Innovation: EPAM integrates advanced AI technologies into tailored business strategies through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, driving digital innovation for clients and enhancing their competitive edge, showcasing its ongoing industry impact.
See More
EPAM Recognized as Top IT Vendor in Europe for Third Consecutive Year
- Exceptional Client Satisfaction: EPAM earned 'Exceptional Performer' status in Whitelane Research's 2025/2026 European IT Sourcing Study, achieving an 83% rating in Application Services and 82% in General Satisfaction, reflecting strong client recognition and solidifying its market leadership for the third consecutive year.
- Leading Service Quality: With a top rating of 85% in Service Delivery Quality, EPAM demonstrates its ongoing commitment to meeting client needs and providing high-quality services, which not only enhances customer loyalty but also strengthens its competitive edge in the fiercely contested IT market.
- Outstanding Innovation Capability: EPAM received a score of 76% in Innovation, showcasing its ability to drive technological advancements and digital transformation, helping clients navigate future challenges and enhance their market competitiveness.
- Increased Market Recognition: Beyond its exceptional performance in Europe, EPAM was also recognized as a top IT vendor in Germany, Switzerland, the UK, the Nordics, and the Netherlands throughout 2025, further proving its global influence and client trust.
See More
EPAM Systems to Release Q4 and Full Year 2025 Financial Results on February 19, 2026
- Earnings Call Schedule: EPAM Systems will host a conference call on February 19, 2026, at 8:00 a.m. ET to discuss its Q4 and full year 2025 financial results, with a news release expected prior to the call for investor reference.
- Investor Participation: Investors can join the call via the EPAM website, with a recommendation to register at least 15 minutes in advance to ensure smooth access; those unable to attend live can find a replay in the Investor Relations section of the website.
- Company Background: Since its founding in 1993, EPAM Systems has become a leading global provider of digital engineering and cloud AI transformation services, focusing on accelerating clients' market responsiveness and enhancing the value of their innovations through integrated strategy, experience, and technology consulting.
- Industry Recognition: EPAM was added to the S&P 500 and Forbes Global 2000 in 2021 and ranked among the top 15 companies in Information Technology Services in the Fortune 1000, highlighting its leadership and influence in the industry.
See More
US Stocks Waver Amid Mixed Earnings and Tech Rotation
- Market Fluctuations: The S&P 500 Index is up 0.08%, the Dow Jones Industrial Average is up 0.54%, while the Nasdaq 100 Index is down 0.56%, indicating the complexity of market sentiment amid mixed corporate earnings results.
- Divergent Corporate Performance: Super Micro Computer forecasts Q3 net sales of at least $12.3 billion, significantly above the $10.25 billion consensus, leading to a stock price increase of over 15%; conversely, Advanced Micro Devices' weak Q1 sales forecast results in a stock decline of over 13%, reflecting a reassessment of tech stocks.
- Labor Market Signals: The January ADP employment change rose by 22,000, below the expected 45,000, indicating weakness in the labor market that could influence future monetary policy decisions.
- Government Funding Plan: The funding package signed by President Trump extends funding for the Department of Homeland Security through February 13, while other departments are funded until September 30, alleviating concerns over a government shutdown and boosting investor confidence.
See More
US Stocks Close Lower as Tech Sector Retreats
- Market Decline: The S&P 500 index fell by 0.84%, the Dow Jones by 0.34%, and the Nasdaq 100 by 1.55%, indicating a sharp sell-off after reaching record highs, which negatively impacted investor sentiment.
- Tech Sector Retreat: Data service and software stocks plummeted following the release of an automation tool by AI firm Anthropic, with Thomson Reuters and EPAM Systems down over 15% and 13% respectively, reflecting a loss of confidence in tech stocks.
- Precious Metals Rally: Gold prices surged over 6% and silver over 8%, leading to gains in mining stocks, with Hecla Mining and Freeport McMoRan rising more than 8% and 6% respectively, indicating increased demand for safe-haven assets.
- Economic Outlook Improvement: Richmond Fed President noted an improving US economic outlook despite ongoing risks, with markets focusing on upcoming economic data and the passage of a spending bill to gauge future economic trends.
See More
Mixed US Stock Performance with Tech Stocks Under Pressure
- Divergent Market Performance: The S&P 500 Index fell by 0.35% today while the Dow Jones Industrial Average rose by 0.13%, indicating a split in market sentiment, particularly as weakness in tech stocks weighed on overall performance.
- Tech Stock Retreat: Following the release of an automation tool for lawyers by AI firm Anthropic, data service and software stocks retreated, with Thomson Reuters down over 17% and Intuit and FactSet both down more than 9%, reflecting a decline in investor confidence in the tech sector.
- Mining Stocks Surge: Gold prices rose by over 6% and silver prices soared by more than 13%, driving mining stocks higher, with Freeport McMoRan and Hecla Mining both up over 6%, indicating a rebound in investor demand for precious metals.
- Economic Data Impact: Despite strong US manufacturing data, the 10-year T-note yield climbed to a 1.5-week high of 4.30%, dampening expectations for further Fed rate cuts and leading to cautious investor sentiment that pressured some stocks.
See More
EPAM Recognized as Top IT Vendor in Europe for Third Consecutive Year
- Exceptional Client Satisfaction: EPAM earned 'Exceptional Performer' status in Whitelane Research's 2025/2026 European IT Sourcing Study, ranking #1 in Application Services and General Satisfaction, underscoring its leadership in digital and AI transformation.
- Broad Participant Feedback: The study involved over 2,500 participants from top IT spending organizations in Europe, evaluating nearly 7,000 unique IT sourcing relationships, with EPAM standing out among 37 IT service providers, reflecting its strong competitive position in the market.
- Importance of Tech Investment: Whitelane Research highlighted that enterprises planning to increase investments in AI and GenAI over the next 2-3 years must choose IT partners like EPAM to tackle challenges such as data quality, systems integration, and talent shortages, further solidifying EPAM's market position.
- Commitment to Continuous Innovation: EPAM integrates advanced AI technologies into tailored business strategies through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, driving digital innovation for clients and enhancing their competitive edge, showcasing its ongoing industry impact.
See More
EPAM Recognized as Top IT Vendor in Europe for Third Consecutive Year
- Exceptional Client Satisfaction: EPAM earned 'Exceptional Performer' status in Whitelane Research's 2025/2026 European IT Sourcing Study, achieving an 83% rating in Application Services and 82% in General Satisfaction, reflecting strong client recognition and solidifying its market leadership for the third consecutive year.
- Leading Service Quality: With a top rating of 85% in Service Delivery Quality, EPAM demonstrates its ongoing commitment to meeting client needs and providing high-quality services, which not only enhances customer loyalty but also strengthens its competitive edge in the fiercely contested IT market.
- Outstanding Innovation Capability: EPAM received a score of 76% in Innovation, showcasing its ability to drive technological advancements and digital transformation, helping clients navigate future challenges and enhance their market competitiveness.
- Increased Market Recognition: Beyond its exceptional performance in Europe, EPAM was also recognized as a top IT vendor in Germany, Switzerland, the UK, the Nordics, and the Netherlands throughout 2025, further proving its global influence and client trust.
See More
EPAM Systems to Release Q4 and Full Year 2025 Financial Results on February 19, 2026
- Earnings Call Schedule: EPAM Systems will host a conference call on February 19, 2026, at 8:00 a.m. ET to discuss its Q4 and full year 2025 financial results, with a news release expected prior to the call for investor reference.
- Investor Participation: Investors can join the call via the EPAM website, with a recommendation to register at least 15 minutes in advance to ensure smooth access; those unable to attend live can find a replay in the Investor Relations section of the website.
- Company Background: Since its founding in 1993, EPAM Systems has become a leading global provider of digital engineering and cloud AI transformation services, focusing on accelerating clients' market responsiveness and enhancing the value of their innovations through integrated strategy, experience, and technology consulting.
- Industry Recognition: EPAM was added to the S&P 500 and Forbes Global 2000 in 2021 and ranked among the top 15 companies in Information Technology Services in the Fortune 1000, highlighting its leadership and influence in the industry.
See More
