EPAM ▲ +1.9% - EPAM Systems, Inc. $EPAM - Engine Capital Sends Letter to EPAM Systems’s Board of Directors Highlighting Company’s Undervaluation and Urging the Initiation of a $750 Million Accelerated Share Repurchase Program EPAM Systems rose 1.9% after activist investor Engine Capital sent a letter to the company's board arguing that the stock is undervalued and calling for a $750 million accelerated share repurchase program. Activist campaigns that highlight valuation concerns and propose capital returns often attract investor optimism about potential near-term value creation, driving positive price movement. The proposed buyback would also reduce share count, which can support earnings per share metrics going forward. 31-AUG-2026 09:08 AM ET