Capital Research Global Investors Trims EPAM Stake to 13.0%

Ticker: EPAM · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Capital Research Global Investors slightly reduced its EPAM stake but remains a significant 13.0% owner.**

AI Summary

Capital Research Global Investors, a major institutional investor, filed an amended SC 13G/A on February 9, 2024, disclosing a slight decrease in its beneficial ownership of EPAM Systems, Inc. common stock. As of December 29, 2023, they now beneficially own 7,698,936 shares, down from 7,700,000 shares reported in their previous filing, representing 13.0% of the company's outstanding shares. This minor adjustment indicates a stable, long-term investment stance, which could reassure investors about institutional confidence in EPAM Systems.

Why It Matters

This filing shows a prominent institutional investor's current stake in EPAM Systems, indicating their continued, albeit slightly reduced, confidence in the company's future performance. For investors, this suggests that a major player still sees value in EPAM, which can be a positive signal.

Risk Assessment

Risk Level: low — The change in ownership is very minor, suggesting no significant shift in the institutional investor's outlook on EPAM Systems, Inc.

Analyst Insight

Investors should note that a major institutional holder has slightly adjusted its position but remains a significant owner, suggesting continued confidence in EPAM Systems. This could be a signal to hold or further research EPAM, but the minor change doesn't warrant immediate action.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G/A amendment?

Capital Research Global Investors filed this SC 13G/A amendment, as indicated in the 'FILED BY' section of the filing.

What is the subject company of this filing?

The subject company is EPAM Systems, Inc., identified by its 'COMPANY CONFORMED NAME' and CIK 0001352010.

How many shares of EPAM Systems, Inc. does Capital Research Global Investors beneficially own as of the event date?

As of December 29, 2023, Capital Research Global Investors beneficially owns 7,698,936 shares of EPAM Systems, Inc., as stated on the cover page under 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH'.

What percentage of EPAM Systems, Inc.'s common stock does Capital Research Global Investors own?

Capital Research Global Investors owns 13.0% of EPAM Systems, Inc.'s common stock, as indicated in Item 4 of the filing.

What was the date of the event that required this filing?

The date of the event which required this filing was December 29, 2023, as specified on the cover page of the Schedule 13G.

From the Filing

0001422848-24-000038.txt : 20240209 0001422848-24-000038.hdr.sgml : 20240209 20240209174632 ACCESSION NUMBER: 0001422848-24-000038 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24616439 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: Capital Research Global Investors CENTRAL INDEX KEY: 0001422848 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 ) * EPAM Systems, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 29414B104 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 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 7,694,126 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 7,698,930 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,698,930 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 13.3% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer EPAM Systems, Inc. (b) Address of Issuer's Principal Executive Offices 41 University Drive, SUITE 202, Newtown, PA 18940 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 29414B104 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of

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