EPAM Systems’ (EPAM) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of EPAM Systems (NYSE:EPAM) in a research report report published on Monday morning,Benzinga reports. The firm currently has a $175.00 price objective on the information technology services provider’s stock.

EPAM has been the subject of a number of other reports. Citigroup decreased their target price on EPAM Systems from $225.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Truist Financial reduced their price objective on EPAM Systems from $220.00 to $146.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Morgan Stanley set a $160.00 price objective on EPAM Systems in a report on Friday, February 20th. TD Cowen restated a “buy” rating on shares of EPAM Systems in a research report on Monday, February 23rd. Finally, Wells Fargo & Company cut their target price on shares of EPAM Systems from $247.00 to $195.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $196.06.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $137.19 on Monday. The company’s fifty day moving average price is $178.24 and its 200 day moving average price is $176.13. EPAM Systems has a 12 month low of $125.57 and a 12 month high of $222.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 2.59. The firm has a market capitalization of $7.43 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.41 and a beta of 1.77.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 19th. The information technology services provider reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.10. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.92% and a return on equity of 13.57%. EPAM Systems’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 earnings per share. EPAM Systems has set its FY 2026 guidance at 12.600-12.900 EPS and its Q1 2026 guidance at 2.700-2.780 EPS. As a group, sell-side analysts predict that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Several hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund grew its stake in shares of EPAM Systems by 61.0% during the 2nd quarter. New York State Common Retirement Fund now owns 118,996 shares of the information technology services provider’s stock worth $21,041,000 after purchasing an additional 45,106 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of EPAM Systems in the third quarter valued at about $1,384,000. Van Berkom & Associates Inc. lifted its stake in shares of EPAM Systems by 4,413.0% in the third quarter. Van Berkom & Associates Inc. now owns 369,435 shares of the information technology services provider’s stock valued at $55,707,000 after purchasing an additional 361,249 shares during the period. Allianz Asset Management GmbH boosted its holdings in EPAM Systems by 39.4% during the third quarter. Allianz Asset Management GmbH now owns 43,851 shares of the information technology services provider’s stock worth $6,612,000 after buying an additional 12,396 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in EPAM Systems by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after buying an additional 15,936 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.