EPAM Systems (NYSE:EPAM) Upgraded at Citigroup

Citigroup upgraded shares of EPAM Systems (NYSE:EPAM) to a hold rating in a research report released on Thursday morning,Zacks.com reports.

EPAM has been the subject of a number of other reports. Morgan Stanley decreased their target price on 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. JPMorgan Chase & Co. cut their target price on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Monday, August 18th. Finally, Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $219.41.

EPAM Systems Price Performance

Shares of EPAM stock opened at $159.15 on Thursday. EPAM Systems has a twelve month low of $138.15 and a twelve 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 2.31 and a beta of 1.65. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $158.32 and a 200-day simple moving average of $164.27.

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 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 during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $2.45 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. 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 announced that its board has approved a share repurchase program on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, SVP Sergey Yezhkov sold 1,511 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 146 shares in the company, valued at $21,939.42. This trade represents a 91.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by company insiders.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently modified their holdings of EPAM. CYBER HORNET ETFs LLC bought a new position in EPAM Systems during the second quarter valued at about $27,000. Sound Income Strategies LLC acquired a new position in shares of EPAM Systems in the 2nd quarter worth approximately $29,000. True Wealth Design LLC raised its holdings in shares of EPAM Systems by 1,870.0% in the 3rd quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 187 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in EPAM Systems during the second quarter valued at approximately $30,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in EPAM Systems during the second quarter worth approximately $49,000. Institutional investors 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.