EPAM Systems (NYSE:EPAM) Stock Price Expected to Rise, TD Cowen Analyst Says

EPAM Systems (NYSE:EPAM) had its price objective increased by TD Cowen from $212.00 to $243.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 14.74% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Citigroup raised EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Zacks Research raised shares of EPAM Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Finally, Truist Financial started coverage on shares of EPAM Systems in a research report on Tuesday. They set a “hold” rating and a $220.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average price target of $211.50.

EPAM Systems Stock Performance

Shares of EPAM stock traded down $7.99 during midday trading on Friday, hitting $211.79. The company had a trading volume of 396,200 shares, compared to its average volume of 709,930. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 2.71 and a beta of 1.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 3.02. The company’s 50 day simple moving average is $194.45 and its 200 day simple moving average is $173.45. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00.

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 the consensus estimate of $3.02 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the company earned $3.12 earnings per share. 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. Research analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has initiated a stock 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 stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, SVP Sergey Yezhkov sold 1,511 shares of the stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $150.27, for a total transaction of $227,057.97. Following the sale, the senior vice president owned 146 shares of the company’s stock, 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 at the SEC website. Also, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the sale, the senior vice president owned 38,124 shares of the company’s stock, valued at approximately $6,930,943.20. This represents a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,611 shares of company stock worth $1,824,132 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Several institutional investors have recently made changes to their positions in EPAM. Vanguard Group Inc. grew its holdings in EPAM Systems by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock valued at $1,057,782,000 after purchasing an additional 29,763 shares in the last quarter. Invesco Ltd. lifted its stake in shares of EPAM Systems by 14.9% in the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after acquiring an additional 533,292 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after purchasing an additional 596,760 shares during the last quarter. Geode Capital Management LLC grew its stake in EPAM Systems by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock valued at $250,752,000 after purchasing an additional 15,936 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of EPAM Systems by 20.7% in the 3rd quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock valued at $195,101,000 after purchasing an additional 221,544 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Company Profile

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.