Citigroup Upgrades EPAM Systems (NYSE:EPAM) to “Hold”

EPAM Systems (NYSE:EPAM) was upgraded by investment analysts at Citigroup to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Morgan Stanley reduced their target price on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating for the company in a report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 target price for the company. Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a report on Wednesday, October 8th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. reduced their target price on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of “Moderate Buy” and an average target price of $219.41.

EPAM Systems Stock Up 1.5%

Shares of EPAM Systems stock opened at $159.15 on Thursday. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00. The stock has a 50-day simple moving average of $158.32 and a 200-day simple moving average of $164.13.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $2.45 EPS. The firm’s revenue 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. On average, equities research analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a stock buyback program on Tuesday, October 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership 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 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 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its position in shares of EPAM Systems by 8.8% during the second quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock valued at $152,000 after purchasing an additional 69 shares during the period. CWM LLC increased its position in shares of EPAM Systems by 1.1% during the third quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock valued at $987,000 after purchasing an additional 71 shares during the period. Main Management ETF Advisors LLC increased its position in shares of EPAM Systems by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 4,398 shares of the information technology services provider’s stock valued at $778,000 after purchasing an additional 72 shares during the period. IFM Investors Pty Ltd increased its position in shares of EPAM Systems by 0.7% during the first quarter. IFM Investors Pty Ltd now owns 11,326 shares of the information technology services provider’s stock valued at $1,912,000 after purchasing an additional 76 shares during the period. Finally, Wallace Advisory Group LLC increased its position in shares of EPAM Systems by 3.1% during the second quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock valued at $426,000 after purchasing an additional 76 shares during the period. 91.58% of the stock is owned by institutional investors.

EPAM Systems Company Profile

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.