Citigroup Upgrades EPAM Systems (NYSE:EPAM) to Hold

Key Points

• Citigroup upgraded EPAM Systems to a "hold" rating, reflecting a cautious stance from analysts regarding the company's stock performance.
• EPAM Systems reported a quarterly EPS of $2.77, surpassing analysts' expectations, with revenue increasing by 18.0% compared to the previous year.
• The company has authorized a $1.00 billion stock repurchase plan, signaling confidence in its stock valuation and aiming to buy back up to 12.4% of its shares.

EPAM Systems (NYSE:EPAM - Get Free Report) was upgraded by equities research analysts at Citigroup to a "hold" rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 target price on the stock. JPMorgan Chase & Co. reduced their target price on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Wells Fargo & Company upgraded EPAM Systems to a "strong-buy" rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of EPAM Systems in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $219.41.

EPAM Systems Stock Up 0.0%

EPAM opened at $156.48 on Thursday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $8.72 billion, a P/E ratio of 22.32, a PEG ratio of 2.27 and a beta of 1.65. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The business's fifty day simple moving average is $158.29 and its 200 day simple moving average is $164.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities research analysts anticipate that EPAM Systems will post 8.9 EPS for the current fiscal year.

EPAM Systems declared that its board has authorized a stock repurchase plan on Tuesday, October 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at EPAM Systems

In other news, SVP Sergey Yezhkov sold 1,511 shares of EPAM Systems stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in EPAM Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after acquiring an additional 1,112 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in EPAM Systems by 85.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,107 shares of the information technology services provider's stock worth $1,299,000 after acquiring an additional 3,275 shares in the last quarter. Pacific Capital Partners Ltd lifted its position in EPAM Systems by 12.5% during the 2nd quarter. Pacific Capital Partners Ltd now owns 22,500 shares of the information technology services provider's stock worth $3,978,000 after acquiring an additional 2,500 shares in the last quarter. Liontrust Investment Partners LLP acquired a new position in EPAM Systems during the 1st quarter worth approximately $6,486,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in EPAM Systems by 6.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 91,941 shares of the information technology services provider's stock worth $16,257,000 after acquiring an additional 5,689 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.

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