Livforsakringsbolaget Skandia, Omsesidigt 13F: New $8.2M Stake in EPAM

Livforsakringsbolaget Skandia disclosed a new stake in EPAM Systems, Inc. (NYSE:EPAM), acquiring 75,400 shares valued at approximately $8,170,344. The institutional investor revealed the new investment in a Form 13F filing with the SEC on October 21, 2026.

EPAM EPAM Systems, Inc.

$135.21 ▼ -32.55% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Livforsakringsbolaget Skandia's EPAM Position

The fund initiated a brand-new position in the software developer by picking up 75,400 shares during the period. Because this was a newly established holding, there were no prior shares reported in the position. The acquired stake carried an ending reported value of $8,170,344.

Other Institutional Activity in EPAM

Other large institutional investors have also shifted their positions in the digital engineering firm. Ameriprise Financial, Inc. grew its holdings by 1,676,326 shares, ending with 5,459,505 shares worth about $734,248,857. Citadel Advisors Llc boosted its stake by 1,484,718 shares, a 1,770.5% increase, to finish with 1,568,576 shares valued at $210,957,794. Aikya Investment Management Ltd added 455,304 shares, representing a 50.0% increase, bringing its total to 1,365,913 shares worth $183,701,646.

EPAM Systems, Inc. Stock Holds Steady

EPAM shares recently traded around $134.00 as of October 22, 2026. The stock sits up about 18.3% above its 50-day moving average of $113.24 and 7.4% above its 200-day moving average of $124.73. Even with those gains, the shares remain 39.8% below their 52-week high of $222.53 while holding 83.4% above their 52-week low of $73.06.

Recent Earnings

EPAM posted trailing-twelve-month revenue of $5,616,749,056 with a trailing earnings per share of $7.37. The company generated a net profit margin of 7.2% and a return on equity of 11.2%, backed by year-over-year revenue growth of 4.5%. Investors can look toward the next earnings release scheduled for November 5, 2026.

Dividend

The company currently does not pay a dividend, maintaining a payout ratio of 0.0%.

Insider Buying and Selling at EPAM Systems, Inc.

Company insiders have made several transactions over the past year. On October 31, 2025, officer Boris Shnayder bought 111 shares valued at $15,000. Later, on November 13, 2025, officer Viktar Dvorkin sold 2,500 shares worth $454,497. Officer Gary C Abrahams sold 600 shares on November 17, 2025, for $107,574. Finally, officer Boris Shnayder sold 5,000 shares on December 10, 2025, for a total of $1,035,000.

Analysts Set New Price Targets

Wall Street firms have kept a close watch on EPAM's valuation. On August 7, 2026, TD Cowen maintained its Buy rating with a target of $120.00. JP Morgan maintained an Overweight rating on August 7, 2026, with a target of $120.00, before later downgrading the stock to Neutral on August 26, 2026, while keeping the $120.00 target. Truist Securities maintained a Hold rating with a target of $110.00 on August 7, 2026. Guggenheim maintained a Buy rating with a target of $140.00 on August 10, 2026. The overall analyst consensus sits at a buy rating, with a mean price target of $123.35 across 17 analyst opinions.

About EPAM Systems

EPAM Systems, Inc. operates from its headquarters in Newtown, Pennsylvania, providing digital platform engineering and software development services to clients worldwide. The company employs over 62,000 workers to help businesses build digital products and modern cloud platforms.

Bottom Line

Livforsakringsbolaget Skandia's new position highlights growing institutional interest as EPAM prepares for its upcoming earnings announcement on November 5, 2026. Observers will monitor whether ongoing software demand supports the stock's recent momentum above its key moving averages.