Morgan Stanley Cuts EPAM Systems (NYSE:EPAM) Price Target to $100.00

EPAM Systems (NYSE:EPAM) had its price objective cut by Morgan Stanley from $112.00 to $100.00 in a report published on Tuesday morning, Marketbeat Ratings reports. They currently have an equal weight rating on the information technology services provider’s stock.

A number of other brokerages have also recently weighed in on EPAM. Needham & Company LLC dropped their price objective on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Citigroup lowered their target price on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Truist Financial dropped their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Guggenheim cut their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, EPAM Systems currently has an average rating of “Hold” and an average price target of $131.80.

EPAM Systems Stock Performance

NYSE:EPAM opened at $93.02 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a market capitalization of $4.86 billion, a P/E ratio of 13.35, a PEG ratio of 1.04 and a beta of 1.39. The company has a 50 day moving average price of $91.22 and a 200 day moving average price of $124.01. EPAM Systems has a fifty-two week low of $73.06 and a fifty-two week high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.22. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.41 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.During the same quarter in the previous year, the company earned $2.77 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. Equities research analysts forecast that EPAM Systems will post 10.4 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in EPAM Systems by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after buying an additional 13,768 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in EPAM Systems by 289.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock valued at $3,544,000 after buying an additional 12,861 shares during the last quarter. Aikya Investment Management Ltd boosted its holdings in shares of EPAM Systems by 8.4% in the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after acquiring an additional 58,977 shares during the period. Van Berkom & Associates Inc. grew its position in shares of EPAM Systems by 14.6% during the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock worth $86,769,000 after acquiring an additional 54,075 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of EPAM Systems by 429.1% in the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after acquiring an additional 9,080 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems News Roundup

Here are the key news stories impacting EPAM Systems this week:

• Positive Sentiment: Second-quarter results beat earnings expectations: EPAM reported non-GAAP EPS of $3.38, above the $3.14 consensus estimate, while revenue of $1.415 billion increased 4.5% year over year and was in line with forecasts. Non-GAAP operating margin improved to 16.4% from 15.0%, and non-GAAP EPS rose 22%. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Profit guidance was raised relative to expectations: EPAM’s full-year 2026 non-GAAP EPS guidance of $13.08-$13.24 is above the $12.53 analyst consensus, while third-quarter EPS guidance of $3.38-$3.46 also exceeds estimates. The company repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Needham remains constructive but lowered its price target: Needham reduced its target from $135 to $120 while maintaining a “buy” rating, indicating continued long-term confidence but less near-term valuation upside. Needham Lowers EPAM Price Target
• Negative Sentiment: Revenue outlook was cut: EPAM now expects full-year revenue growth of 3.2%-4.2%, including organic constant-currency growth of 2.0%-3.0%. The reduction signals weaker demand for software services and was the primary reason for the market’s negative reaction. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Analyst sentiment weakened: William Blair downgraded EPAM from “outperform” to “market perform,” while Morgan Stanley lowered its price target to $100, adding pressure after the guidance reduction. William Blair Downgrade

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.