EPAM Systems (NYSE:EPAM) Price Target Raised to $243.00

EPAM Systems (NYSE:EPAM) had its price target boosted by TD Cowen from $212.00 to $243.00 in a research report released on Friday,Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Mizuho lifted their target price on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Cowen reaffirmed a “buy” rating on shares of EPAM Systems in a research report on Friday. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research upgraded shares of EPAM Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of EPAM Systems in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, EPAM Systems has an average rating of “Moderate Buy” and an average price target of $211.50.

EPAM Systems Price Performance

EPAM stock opened at $211.79 on Friday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.64 and a beta of 1.73. The company has a quick ratio of 3.02, a current ratio of 3.02 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’s fifty day simple moving average is $195.42 and its 200 day simple moving average is $173.77.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $3.12 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS and its Q4 2025 guidance at 3.100-3.18 EPS. On average, analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

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

Insider Buying and Selling at EPAM Systems

In related news, VP Gary C. Abrahams sold 600 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $179.29, for a total value of $107,574.00. Following the transaction, the vice president owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. This trade represents a 18.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sergey Yezhkov sold 1,511 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total value of $227,057.97. Following the sale, the senior vice president directly owned 146 shares of the company’s stock, valued at $21,939.42. This represents a 91.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,611 shares of company stock valued at $1,824,132 over the last three months. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Manning & Napier Advisors LLC purchased a new stake in EPAM Systems in the 3rd quarter valued at $25,000. CYBER HORNET ETFs LLC bought a new stake in shares of EPAM Systems in the 2nd quarter worth $27,000. Sound Income Strategies LLC purchased a new stake in shares of EPAM Systems in the second quarter valued at about $29,000. True Wealth Design LLC raised its holdings in shares of EPAM Systems by 1,870.0% in the third quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 187 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of EPAM Systems during the second quarter valued at about $30,000. Institutional investors own 91.58% of the company’s stock.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.