EPAM Systems (NYSE:EPAM) Price Target Raised to $156.00

EPAM Systems (NYSE:EPAM) had its price objective raised by Wells Fargo & Company from $125.00 to $156.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

EPAM has been the subject of a number of other reports. Weiss Ratings raised EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Susquehanna reduced their price target on EPAM Systems from $167.00 to $146.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Guggenheim lowered their price target on shares of EPAM Systems from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. William Blair lowered shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Finally, Mizuho set a $130.00 price objective on shares of EPAM Systems in a report on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $121.20.

EPAM Systems Price Performance

EPAM stock opened at $135.95 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The business has a 50 day simple moving average of $116.87 and a 200-day simple moving average of $123.76. The firm has a market capitalization of $7.01 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.42 and a beta of 1.39. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm earned $2.77 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. 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 research analysts anticipate that EPAM Systems will post 10.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently made changes to their positions in EPAM. Financial Management Professionals Inc. boosted its position in shares of EPAM Systems by 47.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 268 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 86 shares during the period. Signaturefd LLC increased its holdings in EPAM Systems by 1,068.3% in the 2nd quarter. Signaturefd LLC now owns 479 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 438 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in EPAM Systems by 94.1% in the 3rd quarter. Elevation Wealth Partners LLC now owns 493 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 239 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in EPAM Systems in the 2nd quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC raised its position in EPAM Systems by 611.2% in the first quarter. EverSource Wealth Advisors LLC now owns 569 shares of the information technology services provider’s stock valued at $77,000 after purchasing an additional 489 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

About EPAM Systems

EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.

The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.