EPAM Kicks Off $300 Million Accelerated Share Repurchase
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EPAM Systems has launched a $300 million accelerated share repurchase (ASR) agreement with Morgan Stanley. This ASR represents a significant portion of the $1.0 billion share repurchase program that was authorized and disclosed in the company's 10-K filing on February 26, 2026. The initiation of this ASR is a concrete step in executing the previously announced capital return strategy, confirming the company's commitment to reducing its outstanding share count. EPAM will receive an initial delivery of shares, with the final count determined by VWAP, and settlement is expected by the second quarter of 2026. Investors will monitor the impact on earnings per share and the remaining capacity under the overall authorization.
At the time of this announcement, EPAM was trading at $140.90 on NYSE in the Technology sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $125.57 to $222.53. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.