EPAM Systems (NYSE:EPAM) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of EPAM Systems (NYSE:EPAM) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. Citigroup started coverage on shares of EPAM Systems in a research note on Wednesday. They issued a “neutral” rating and a $170.00 target price for the company. Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. JPMorgan Chase & Co. decreased their target price on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating for the company in a research note on Wednesday, August 20th. Morgan Stanley decreased their target price on shares of EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 9th. Finally, TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $219.41.

EPAM Systems Price Performance

NYSE EPAM opened at $159.15 on Wednesday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a market capitalization of $8.86 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.27 and a beta of 1.65. The firm’s 50 day moving average is $158.32 and its 200-day moving average is $164.13.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $2.45 earnings per share. The firm’s revenue was up 18.0% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Equities research analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its board has approved a share buyback program on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other EPAM Systems news, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total transaction of $227,057.97. Following the completion of the transaction, the senior vice president directly owned 146 shares of the company’s stock, valued at $21,939.42. The trade was a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of EPAM Systems by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,985,172 shares of the information technology services provider’s stock worth $1,235,118,000 after buying an additional 20,921 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of EPAM Systems by 14.9% during the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after buying an additional 533,292 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of EPAM Systems by 4.1% during the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock worth $383,267,000 after buying an additional 89,418 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 98.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after buying an additional 809,423 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of EPAM Systems by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after buying an additional 15,936 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.