EPAM Systems (EPAM)
Builds enterprise software and digital platforms with consulting, cloud, data and AI services.
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Builds custom software products and digital platforms while providing strategy, experience, cloud, data, AI and cybersecurity services. Revenue comes mainly from time-and-materials projects for enterprises in North America and Western Europe, delivered by a workforce concentrated in other regions.
Builds and modernizes custom software products, digital platforms and enterprise systems for clients in financial services, software and technology, retail and travel, media, and life sciences. Services span product and platform engineering, EPAM Continuum strategy and experience consulting, cloud modernization, data and artificial intelligence, cybersecurity, quality engineering, and managed support. Revenue comes mainly from time-and-materials project contracts, with a smaller fixed-price mix.
Combines multidisciplinary consulting, design and engineering teams with a proprietary global delivery platform to carry work from strategy through deployment and maintenance. Most revenue is generated in North America and Western Europe, while most personnel and delivery centers sit elsewhere, including India, Latin America and Central and Eastern Europe. A meaningful delivery workforce remains in Ukraine and Belarus, leaving operations exposed to regional instability.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 26, 2026 | JP Morgan | Downgrade | ||
| Aug 10, 2026 | Guggenheim | Reiterate | Rating: —Target: $200 | Target: $140 |
| Aug 10, 2026 | Mizuho Securities | Target | Target: $282 | Target: $130 |
| Aug 7, 2026 | Truist Financial | Target | Target: $112 | Target: $110 |
| Aug 7, 2026 | Needham | Reiterate | Rating: —Target: $210 | Target: $120 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $789.4M · Total debt $152.2M · Total assets $4.57B · Shareholders' equity $3.52B
- Revenue
- $1.41B
- Operating income
- $152.2M
- Net income
- $103.0M
No dividends on record.
| Institutions | 109.53% | 57.22M shares | |
|---|---|---|---|
| 466 holders · as of Jun 30, 2026 | |||
| Insiders | 1.52% | 792.1K shares | |
| 19 holders · as of Sep 3, 2026 | |||
| Adds to | 111.05% | ||
52.24M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 111.05%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 12.70% | 6.64M | as of Jun 30, 2026 |
Ameriprise Financial IncInstitution | 10.45% | 5.46M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 9.24% | 4.83M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.64% | 3.47M | as of Jun 30, 2026 |
WCM Investment Management, LLCInstitution | 5.80% | 3.03M | filed Feb 10, 2022 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 30, 2026 | Viktar Dvorkin | officer: Chief Deliv Off, EVP, Americas | +78 | $96.71 |
| Apr 30, 2026 | Lawrence F. Solomon | officer: SVP/Chief People Officer | +78 | $96.71 |
| Apr 30, 2026 | Jason D. Peterson | officer: Chief Financial Officer | +78 | $96.71 |
| Apr 30, 2026 | Gary C. Abrahams | officer: VP, Corporate Controller, PAO | +78 | $96.71 |
| Apr 30, 2026 | Edward Rockwell | officer: SVP/Chief Legal Officer | +78 | $96.71 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| EPAM Systems | $111.95 | −1.04% | $5.91B | 15.3 | 8.3 | 1.1 | +4.5% |
| Accenture | $183.95 | −1.16% | $113.89B | 14.9 | 12.8 | 1.6 | +5.6% |
| Cognizant Technology Solutions | $58.93 | −0.76% | $26.75B | 12.8 | 9.7 | 1.2 | +4.5% |
| Globant | $35.22 | −1.74% | $1.55B | 14.1 | 5.9 | 0.6 | +0.0% |
| Infosys (ADR) | $10.83 | −0.55% | $44.19B | 13.4 | 13.3 | 2.2 | +1.0% |
| Endava (ADR) | $2.13 | −23.84% | $149.5M | — | 2.8 | 0.2 | −6.2% |
| Median | 13.7 | 9.7 | 1.2 | +1.0% |