EPAM Systems, Inc. provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers' business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. EPAM Systems, Inc. has a partnership with Curogram to help healthcare systems implement a simplified COVID-19 crisis response solution. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.
IPO Year: 2012
Exchange: NYSE
Website: epam.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/11/2024 | $245.00 → $275.00 | Sector Perform → Sector Outperform | Scotiabank |
11/8/2024 | $269.00 | Market Perform → Outperform | Itau BBA |
8/22/2024 | $204.00 | Hold | Deutsche Bank |
8/9/2024 | Underperform → Market Perform | Itau BBA | |
7/16/2024 | $202.00 → $237.00 | Hold → Buy | Jefferies |
6/24/2024 | $200.00 | Neutral | Goldman |
5/24/2024 | $195.00 | Neutral | Redburn Atlantic |
5/17/2024 | Outperform → Peer Perform | Wolfe Research | |
5/10/2024 | $245.00 | Sector Outperform → Sector Perform | Scotiabank |
4/26/2024 | $236.00 → $225.00 | Underweight → Equal-Weight | Morgan Stanley |
Barclays analyst Ramsey El-Assal maintains EPAM Sys (NYSE:EPAM) with a Equal-Weight and raises the price target from $200 to $225.
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Analysts' ratings for EPAM Sys (NYSE:EPAM) over the last quarter vary from bullish to bearish, as provided by 16 analysts. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 5 8 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 1 0 0 3M Ago 2 4 6 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $245.19, with a high estimate of $317.00 and a low estimate of $195.00. This current average represents a 19.02% decreas
Jefferies analyst Surinder Thind upgrades EPAM Sys (NYSE:EPAM) from Hold to Buy and raises the price target from $202 to $237.
The stock market is up solidly this year, thanks to expectations of rate cuts by the Federal Reserve amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology’s potential. Building On Gains: The S&P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of th
Goldman Sachs analyst James Schneider initiates coverage on EPAM Sys (NYSE:EPAM) with a Neutral rating and announces Price Target of $200.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for EPAM Systems, Inc. (NYSE:EPAM) from $252 to $230. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating. EPAM Systems shares rose 1.2% to close at $180.05 on Wednesday. See how other analysts view this stock. Morgan Stanley raised the price target for Corning Incorporated (NYSE:GLW) from $35 to $38. However, Morgan Stanley analyst Meta Marshall downgraded the stock from Overweight to Equal-Weight. Corning shares rose 1.8% to close at $38.02 on W
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NEWTOWN, Pa., Nov. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced the release of the StatGPT 2.0 Platform, created in collaboration with the International Monetary Fund (IMF) for evaluating and testing by Statistical Data and Metadata eXchange (SDMX) sponsor organizations and selected national statistical organizations. The Platform will be shown at the 2024 IMF Statistical Forum: Measuring the Implications of AI on the Economy. EPAM's StatGPT 1.0, was initially presented in Oct
Third quarter revenues of $1.168 billion, up 1.3% year-over-yearGAAP income from operations was 15.2% of revenues and non-GAAP income from operations was 19.1% of revenues for the third quarter Third quarter GAAP diluted EPS of $2.37, an increase of $0.72, and non-GAAP diluted EPS of $3.12, an increase of $0.39 on a year-over-year basisFor the full year, EPAM increases expected range for revenues to now be $4.685 billion to $4.695 billion, increases expected GAAP diluted EPS to now be in the range of $7.78 to $7.86 and non-GAAP diluted EPS to now be in the range of $10.73 to $10.81For the fourth quarter, EPAM expects revenues to be in the range of $1.205 billion to $1.215 billion, GAAP dilut
The acquisition enhances EPAM's delivery capabilities in Latin America and Europe, boosting client value across key industries NEWTOWN, Pa., Nov. 1, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced the successful completion of its acquisition of NEORIS, a Miami-headquartered global advanced technology consultancy with approximately 4,800 professionals across major talent hubs in Latin America, Spain and the U.S. The sellers are funds managed by Advent International, one of the largest and most experienced global private equity investors, and Cemex, a global building materials company.
Recognized for Completeness of Vision and Ability to Execute NEWTOWN, Pa., Oct. 29, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced that Gartner has positioned it as a Leader in the Magic Quadrant™ for Custom Software Development Services. "We believe this placement reflects EPAM's ability to help our clients build new solutions, modernize existing ones and leverage significant investments in GenAI to enhance our service delivery," said Elaina Shekhter, Chief Marketing and Strategy
NEWTOWN, Pa., Oct. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, November 7, 2024, to discuss its third quarter 2024 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay wil
Strategic Acquisition will Enhance Capabilities in Capital Markets, Banking Operations and Asset Servicing, Strengthening Client Offerings Globally NEWTOWN, Pa. and NEWRY, N. Ireland, Oct. 7, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced its agreement to acquire First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with more than 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America and APAC.
BlueOptima's report reveals that more than 76.5% of EPAM's lead developers exceed global productivity and quality standards NEWTOWN, Pa., Oct. 3, 2024 /PRNewswire/ -- As organizations increasingly rely on outsourcing to accelerate their digital transformation efforts, understanding software development productivity and quality is crucial for optimizing software development lifecycles and making informed outsourcing decisions. EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced that EPAM's developers have outperformed the global developer quality and productivity benchmarks set by BlueOptima, an independent organization sp
As a trusted partner for data modernization, EPAM helps clients become more efficient, agile and growth-oriented businesses NEWTOWN, Pa., Oct. 1, 2024 /PRNewswire/ -- Organizations that prioritize developing and maintaining a modernized data infrastructure are best equipped to rapidly adapt to evolving consumer demands in today's fast-paced market. EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Leader in the IDC MarketScape: Worldwide Data Modernization Services 2024 Vendor Assessment (September 2024/#US51234424).
Receiving top client-driven evaluation scores across account management, service delivery quality, application services and digital transformation, EPAM has positioned itself as a top IT service provider in the Swiss market NEWTOWN, Pa., Sept. 24, 2024 /PRNewswire/ -- To achieve agility, innovation and cost efficiency, organizations are increasingly turning to strategic partnerships with specialized external IT vendors to boost competitiveness and growth. EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Top IT Sourcing Vendor in Switzerland, achieving high customer satisfaction ratings across multip
EPAM takes home the gold for Best Use of AI for Learning, Best Competencies and Skill Development and Best Learning Program Supporting a Change Transformation Business Strategy NEWTOWN, Pa., Sept. 12, 2024 /PRNewswire/ -- As AI continues to revolutionize industries and impact how we work, it is critical to invest in learning and development programs that empower team members to use AI more effectively and support business transformation. EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced it won five coveted Brandon Hall Group™ Human Capital Management Excellence Awards®, including three gold awards recognizing its use of
Third quarter revenues of $1.168 billion, up 1.3% year-over-yearGAAP income from operations was 15.2% of revenues and non-GAAP income from operations was 19.1% of revenues for the third quarter Third quarter GAAP diluted EPS of $2.37, an increase of $0.72, and non-GAAP diluted EPS of $3.12, an increase of $0.39 on a year-over-year basisFor the full year, EPAM increases expected range for revenues to now be $4.685 billion to $4.695 billion, increases expected GAAP diluted EPS to now be in the range of $7.78 to $7.86 and non-GAAP diluted EPS to now be in the range of $10.73 to $10.81For the fourth quarter, EPAM expects revenues to be in the range of $1.205 billion to $1.215 billion, GAAP dilut
NEWTOWN, Pa., Oct. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, November 7, 2024, to discuss its third quarter 2024 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay wil
Second quarter revenues of $1.147 billion, down 2.0% year-over-yearGAAP income from operations was 10.5% of revenues and non-GAAP income from operations was 15.2% of revenues for the second quarter Second quarter GAAP diluted EPS of $1.70, a decrease of $0.33, and non-GAAP diluted EPS of $2.45, a decrease of $0.19 on a year-over-year basisFor the full year, EPAM narrows expected range for revenues to $4.590 billion to $4.625 billion, updates expected GAAP diluted EPS to now be in the range of $7.18 to $7.38 and non-GAAP diluted EPS to now be in the range of $10.20 to $10.40For the third quarter, EPAM expects revenues to be in the range of $1.145 billion to $1.155 billion, GAAP diluted EPS to
NEWTOWN, Pa., July 9, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, August 8, 2024, to discuss its second quarter 2024 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay will
First quarter revenues of $1.165 billion, down 3.8% year-over-yearGAAP income from operations was 9.5% of revenues and non-GAAP income from operations was 14.9% of revenues for the first quarter First quarter GAAP diluted EPS of $1.97, an increase of $0.24, and non-GAAP diluted EPS of $2.46, a decrease of $0.01 on a year-over-year basisFor the full year, EPAM updates expected revenues to now be in the range of $4.575 billion to $4.675 billion, updates expected GAAP diluted EPS to now be in the range of $7.34 to $7.64 and narrows expected range for non-GAAP diluted EPS to $10.00 to $10.30For the second quarter, EPAM expects revenues to be in the range of $1.135 billion to $1.145 billion, GAAP
NEWTOWN, Pa., April 10, 2024 /PRNewswire/ -- EPAM Systems, Inc., (NYSE:EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, May 9, 2024, to discuss its first quarter 2024 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay will
Fourth Quarter 2023 Revenues of $1.157 billion, down 6.0% year-over-yearGAAP Income from Operations was 10.6% of revenues and Non-GAAP Income from Operations was 17.3% of revenuesGAAP Diluted EPS of $1.66, a decrease of 36.4%, and Non-GAAP Diluted EPS of $2.75, a decrease of 6.1% on a year-over-year basisFull Year 2023 Revenues of $4.691 billion, down 2.8% year-over-yearGAAP Income from Operations was 10.7% of revenues and Non-GAAP Income from Operations was 16.3% of revenuesGAAP Diluted EPS of $7.06, a decrease of 0.4%, and Non-GAAP Diluted EPS of $10.59, a decrease of 2.8% on a year-over-year basisNEWTOWN, Pa., Feb. 15, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital
NEWTOWN, Pa., Jan. 11, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM) will host a conference call at 8:00 a.m. ET, on Thursday, February 15, 2024, to discuss its fourth quarter 2023 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay will be available in the Investor Relations section of the website. About EPAM SystemsSince 1993, EPAM Systems, Inc. (NYSE:EPAM) has leveraged its advanced software engineering heritage to be
NEWTOWN, Pa., Oct. 9, 2023 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM) will host a conference call at 8:00 a.m. ET, on Thursday, November 2, 2023, to discuss its third quarter 2023 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for the event. For those who cannot attend the live webcast, a replay will be available in the Investor Relations section of the website. About EPAM
Second quarter revenues of $1.170 billion, down 2.1% year-over-yearGAAP Income from Operations was 12.3% of revenues and Non-GAAP Income from Operations was 16.3% of revenues for the second quarter Second quarter GAAP Diluted EPS of $2.03, an increase of $1.71, and Non-GAAP Diluted EPS of $2.64, an increase of $0.26 on a year-over-year basisFor the full year, EPAM narrows expected revenues to now be in the range of $4.650 billion to $4.700 billion, updates expected GAAP Diluted EPS to now be in the range of $7.00 to $7.20 and narrows expected Non-GAAP Diluted EPS to now be in the range of $9.90 to $10.10For the third quarter, EPAM expects revenues to be in the range of $1.140 billion to $1.1
Scotiabank upgraded EPAM Systems from Sector Perform to Sector Outperform and set a new price target of $275.00 from $245.00 previously
Itau BBA upgraded EPAM Systems from Market Perform to Outperform and set a new price target of $269.00
Deutsche Bank initiated coverage of EPAM Systems with a rating of Hold and set a new price target of $204.00
Itau BBA upgraded EPAM Systems from Underperform to Market Perform
Jefferies upgraded EPAM Systems from Hold to Buy and set a new price target of $237.00 from $202.00 previously
Goldman initiated coverage of EPAM Systems with a rating of Neutral and set a new price target of $200.00
Redburn Atlantic initiated coverage of EPAM Systems with a rating of Neutral and set a new price target of $195.00
Wolfe Research downgraded EPAM Systems from Outperform to Peer Perform
Scotiabank downgraded EPAM Systems from Sector Outperform to Sector Perform and set a new price target of $245.00
Morgan Stanley upgraded EPAM Systems from Underweight to Equal-Weight and set a new price target of $225.00 from $236.00 previously
Improving life sciences research, clinical studies and post-market surveillance powered by data and AI NEWTOWN, Pa., June 13, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced its acquisition of Odysseus Data Services, Inc., a top health data analytics company. Odysseus will expand EPAM's ability to transform the life sciences value chain through advanced data analytics, data methods and artificial intelligence (AI). "We are pleased to have Odysseus join EPAM. With their strong capabi
Enhancing EPAM's ability to deliver advanced cloud, engineering, testing and digital services to global clients NEWTOWN, Pa. and CORDOBA, Argentina, March 26, 2024 /PRNewswire/ -- Staying competitive as technology evolves can be challenging. However, finding the right technology solution partner with next-gen delivery capabilities can significantly ease digital transformation initiatives. EPAM Systems, Inc. (NYSE:EPAM), a leading digital transformation services and product engineering company, today announced its acquisition of Vates S.A., a multi-award-winning software development company with offices in Argentina and Chile. Vates will enhance EPAM's software development portfolio and dive
GAINESVILLE, Va., Nov. 12, 2021 /PRNewswire/ -- Forever Oceans announces the appointment of Ilya Cantor as the sustainable seafood company's Chief Financial Officer (CFO). Cantor brings over two decades of experience at established multinational public and private companies and expertise in initial public offerings, capital raising, mergers and acquisitions, and technology enabled solutions and services to his new role at Forever Oceans. "Forever Oceans' unique system for efficiently raising sustainable seafood through advanced technologies is poised for significant growth,"
World Fuel Services Corporation (NYSE:INT) today announced the appointment of Jill B. Smart to the Board of Directors of the company. "We are delighted to have Jill join our Board of Directors," said Michael J. Kasbar, chairman and chief executive officer. "She is an accomplished human resources executive who brings a wealth of expertise in human capital management and executing organizational transformation. Jill's skill set will be a strategic asset to our company and help us accelerate our long-term growth objectives." Ms. Smart spent more than 33 years at Accenture plc, a global professional services company, before retiring in 2014 after having served as Accenture's Chief Human Resou
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