SCHEDULE 13G/A: BlackRock Amends EPAM Systems Stake, Disclosing 7.0% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 5 to Schedule 13G, disclosing a 7.0% beneficial ownership stake in EPAM Systems Inc. common stock as of June 30, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 3,975,799 shares of EPAM Systems Inc. common stock.
- This represents 7.0% of the total outstanding common stock.
- BlackRock holds sole voting power over 3,716,162 shares and sole dispositive power over 3,975,799 shares.
- The filing is an Amendment No. 5 to Schedule 13G.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of EPAM Systems Inc.
- BlackRock Fund Managers Ltd, a subsidiary of BlackRock, Inc., beneficially owns 5% or greater of the outstanding shares of EPAM Systems Inc.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- BlackRock, a prominent institutional investor, maintains a significant 7.0% stake in EPAM Systems Inc., indicating continued investment interest.
- The holding is stated to be for ordinary course of business, not for control, suggesting a passive investment approach.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
Industry Context
This filing is a standard disclosure of institutional ownership and does not provide specific industry context for EPAM Systems Inc. beyond identifying it as a publicly traded company.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by the new one. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-06-30 | Date of event which requires filing of this statement. |
| 2025-07-17 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, EPAM Systems Inc., Schedule 13G, beneficial ownership, common stock, institutional investment, SEC filing
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