EPAM Systems (NYSE:EPAM) Downgraded by William Blair to “Market Perform”

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

EPAM has been the subject of several other research reports. Wedbush assumed coverage on shares of EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target for the company. Wells Fargo & Company lowered their price target on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a report on Friday, July 10th. The Goldman Sachs Group lowered EPAM Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $215.00 to $110.00 in a report on Friday, May 8th. Guggenheim cut their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of EPAM Systems in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $132.64.

EPAM Systems Stock Down 13.8%

NYSE:EPAM traded down $15.20 on Thursday, hitting $94.67. The stock had a trading volume of 2,088,884 shares, compared to its average volume of 1,589,694. EPAM Systems has a 1 year low of $73.06 and a 1 year high of $222.53. The firm’s fifty day simple moving average is $91.39 and its two-hundred day simple moving average is $124.86. The stock has a market cap of $4.95 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, August 5th. The information technology services provider reported $3.38 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.24. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the business posted $2.77 earnings per share. EPAM Systems’s revenue was up 4.6% on a year-over-year basis. Analysts predict that EPAM Systems will post 10.4 earnings per share for the current year.

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC purchased a new position in shares of EPAM Systems during the 4th quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EPAM Systems by 68.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after acquiring an additional 3,880 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after purchasing an additional 117,170 shares in the last quarter. United Services Automobile Association bought a new position in shares of EPAM Systems in the first quarter worth approximately $229,000. Finally, Empowered Funds LLC increased its position in shares of EPAM Systems by 134.1% in the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock worth $381,000 after purchasing an additional 1,291 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems News Roundup

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

• Positive Sentiment: EPAM reported second-quarter non-GAAP earnings of $3.38 per share, exceeding the $3.14 analyst consensus and rising from $2.77 a year earlier. Revenue reached $1.415 billion, up 4.5% year over year and essentially in line with expectations. EPAM Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Profitability improved, with GAAP operating margin increasing to 10.8% from 9.3% and non-GAAP operating margin rising to 16.4% from 15.0%. The company also repurchased $85 million of stock during the quarter and $409 million year to date. EPAM Reports Results for Second Quarter 2026
• Positive Sentiment: Third-quarter adjusted EPS guidance of $3.38 to $3.46 is above the $3.33 consensus. Full-year adjusted EPS guidance of $13.08 to $13.24 also exceeds the $12.53 consensus, supporting the earnings outlook. EPAM Reports Results for Second Quarter 2026

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.