EPAM Systems (NYSE:EPAM) Raised to Strong-Buy at Wells Fargo & Company

Key Points

• Wells Fargo & Company has upgraded EPAM Systems to a "strong-buy" rating, reflecting growing investor confidence in the company's performance.
• EPAM Systems reported a quarterly revenue of $1.35 billion, surpassing estimates, and also set its FY 2025 EPS guidance between $10.960 to $11.120.
• The company has authorized a $1 billion stock repurchase program, indicating that its board believes the stock is currently undervalued.

EPAM Systems (NYSE:EPAM - Get Free Report) was upgraded by Wells Fargo & Company to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms have also recently issued reports on EPAM. Cowen upgraded shares of EPAM Systems from a "hold" rating to a "buy" rating in a research note on Monday, August 18th. Morgan Stanley cut their target price on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 9th. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Citigroup started coverage on shares of EPAM Systems in a research note on Wednesday. They issued a "neutral" rating and a $170.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of EPAM Systems from $205.00 to $201.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $219.41.

EPAM Systems Stock Up 0.9%

Shares of EPAM opened at $156.53 on Wednesday. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.25 and a beta of 1.65. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12 month low of $138.15 and a 12 month high of $269.00. The company has a 50-day moving average price of $158.35 and a two-hundred day moving average price of $163.93.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company'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. Equities analysts predict that EPAM Systems will post 8.9 EPS for the current fiscal year.

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

Insiders Place Their Bets

In related news, SVP Sergey Yezhkov sold 1,511 shares of the business's stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the completion of the transaction, the senior vice president owned 146 shares in the company, 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 the SEC website. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new position in EPAM Systems in the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC bought a new position in EPAM Systems in the 2nd quarter worth approximately $29,000. MUFG Securities EMEA plc bought a new position in EPAM Systems in the 2nd quarter worth approximately $30,000. True Wealth Design LLC grew its holdings in EPAM Systems by 1,870.0% during the 3rd quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 187 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in EPAM Systems during the 2nd quarter worth $49,000. Institutional investors own 91.58% of the company's stock.

About EPAM Systems

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.