Chicago-based Wishbone Management disclosed a new position in EPAM Systems, buying 100,000 shares valued at $15.08 million, as reported in a November 13 SEC filing. This new stake represents 8.11% of Wishbone Management’s 13F reportable assets under management. EPAM Systems is a global technology services provider with over 60,000 employees and a diversified client base. Despite EPAM’s shares being down 12% over the past year, the company posted $1.394 billion in third-quarter revenue and raised its full-year outlook. EPAM also initiated a $1 billion buyback program and expects revenue for 2025 to reach around $5.43 billion to $5.45 billion.

Read more at Nasdaq: Why a $15 Million Bet on EPAM Looks Smart Amid a 12% One-Year Stock Decline