EPAM Systems (NYSE:EPAM) Rating Lowered to Market Perform at William Blair

EPAM Systems (NYSE:EPAM) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Thursday, MarketBeat reports.

A number of other research firms have also commented on EPAM. Susquehanna decreased their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research note on Monday, May 4th. The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and reduced their target price for the company from $215.00 to $110.00 in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a report on Friday, July 10th. Truist Financial cut their price objective on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Finally, Wedbush began coverage on shares of EPAM Systems in a research note on Monday, June 15th. They set a “neutral” rating and a $99.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, EPAM Systems currently has an average rating of “Hold” and an average target price of $125.13.

EPAM Systems Trading Up 4.8%

Shares of EPAM opened at $97.52 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.67. The firm has a 50 day simple moving average of $91.11 and a 200-day simple moving average of $123.83. EPAM Systems has a 1-year low of $73.06 and a 1-year high of $222.53. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39.

EPAM Systems (NYSE:EPAM) last posted 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 firm 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 15.84% and a net margin of 7.15%.EPAM Systems’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 EPS. 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 analysts forecast that EPAM Systems will post 10.4 EPS for the current fiscal year.

Hedge Funds Weigh In On EPAM Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its position in shares of EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after buying an additional 127 shares during the period. Sound Income Strategies LLC increased its stake in EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems in the 2nd quarter worth about $27,000. 1248 Management LLC purchased a new position in shares of EPAM Systems in the 4th quarter worth about $32,000. Finally, Rothschild Investment LLC lifted its stake in shares of EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

Key EPAM Systems News

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP EPS of $3.38, above the $3.14–$3.16 analyst consensus, while revenue of $1.415 billion was approximately in line with expectations and increased 4.5% year over year. Non-GAAP operating margin expanded to 16.4% from 15.0%, and EPS rose 22% from the prior year. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Full-year adjusted EPS guidance of $13.08 to $13.24 is above the roughly $12.53 consensus, and third-quarter EPS guidance of $3.38 to $3.46 also exceeds estimates. EPAM additionally repurchased $85 million of stock during the quarter, bringing year-to-date repurchases to $409 million. EPAM Q2 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: JPMorgan lowered its price target to $120 from $142 but retained an “overweight” rating. Susquehanna cut its target to $146 from $167 while maintaining a “positive” rating, and Needham reduced its target to $120 from $135 while keeping a “buy” rating. The revised targets still imply substantial potential appreciation from recent levels.
• Negative Sentiment: EPAM reduced its full-year revenue-growth outlook to 3.2%–4.2%, including 2.0%–3.0% organic constant-currency growth, reflecting weaker demand for software services. Reuters reported that the forecast cut triggered a sharp premarket selloff and remains the main investor concern. EPAM Cuts Annual Revenue Forecast on Weak Software Services Demand
• Negative Sentiment: Truist lowered its price target to $110 from $112 and assigned a “hold” rating, while William Blair downgraded EPAM from “outperform” to “market perform.” These actions reinforce caution around the company’s slower top-line growth.

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.