BlackRock Amends EPAM Systems Stake, Signals Continued Confidence
Ticker: EPAM · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1352010
| Field | Detail |
|---|---|
| Company | Epam Systems, Inc. (EPAM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of EPAM, a bullish sign for the stock.**
AI Summary
BlackRock Inc. has updated its ownership stake in EPAM Systems, Inc. through an SC 13G/A filing on January 25, 2024, reporting its holdings as of December 31, 2023. This amendment (Amendment No. 4) indicates that BlackRock continues to be a significant institutional investor in EPAM Systems, holding Common Stock under CUSIP 29414B104. This matters to investors because BlackRock's continued substantial ownership signals confidence in EPAM Systems' long-term prospects, potentially influencing other institutional and retail investors.
Why It Matters
BlackRock's updated filing confirms its ongoing significant investment in EPAM Systems, which can be seen as a vote of confidence from one of the world's largest asset managers.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for EPAM Systems.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which could be a positive signal, but should also conduct their own due diligence on EPAM Systems' fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- EPAM Systems, Inc. (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 29414B104 (other) — the CUSIP number for EPAM Systems' Common Stock
Forward-Looking Statements
- BlackRock will maintain a significant stake in EPAM Systems throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 4' in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company of this filing?
The subject company is EPAM Systems, Inc., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EPAM Systems, Inc.' and 'Name of Issuer) EPAM SYSTEMS INC'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as explicitly stated in the filing under 'Date of Event Which Requires Filing of this Statement'.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the securities, which are Common Stock of EPAM Systems Inc., is 29414B104, as listed under 'CUSIP No. 29414B104'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding EPAM Systems, Inc. (EPAM).