BlackRock Amends EPAM Systems Stake, Signals Continued Confidence

Ticker: EPAM · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z

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

Forward-Looking Statements

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'.

From the Filing

0001086364-24-003755.txt : 20240125 0001086364-24-003755.hdr.sgml : 20240125 20240125165927 ACCESSION NUMBER: 0001086364-24-003755 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EPAM Systems, Inc. CENTRAL INDEX KEY: 0001352010 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 223536104 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86978 FILM NUMBER: 24562978 BUSINESS ADDRESS: STREET 1: 41 UNIVERSITY DRIVE STREET 2: SUITE 202 CITY: NEWTOWN STATE: PA ZIP: 18940 BUSINESS PHONE: (267) 759-9000 MAIL ADDRESS: STREET 1: 41 UNIVERSITY DRIVE STREET 2: SUITE 202 CITY: NEWTOWN STATE: PA ZIP: 18940 FORMER COMPANY: FORMER CONFORMED NAME: EPAM SYSTEMS INC DATE OF NAME CHANGE: 20060202 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us29414b1044_012524.txt us29414b1044_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) EPAM SYSTEMS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 29414B104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 29414B104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4353085 (6) Shared voting power 0 (7) Sole dispositive power 4722559 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4722559 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- EPAM SYSTEMS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 41 UNIVERSITY DRIVE, SUITE 202 NEWTOWN PA 18940 Item 2. 2(a) Name of person filing: -------------------------------------------------------------

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