EPAM Systems, Inc. (EPAM)

In the past six months, EPAM Systems' stock has been impacted by several key events. On October 21, 2025, EPAM authorized a $1 billion share buyback program. On February 19, 2026, EPAM's stock price plummeted by 17.0% following its Q4 and full-year 2025 earnings announcement due to weaker-than-expected 2026 growth guidance and a significant revenue reduction from NEORIS's largest customer. The stock continued to decline, with a further drop of 6.61% by February 23, 2026. As of April 9, 2026, the stock price was $123.85, with a 52-week high of $222.53 and a 52-week low of $122.70.

EPAM Systems experiences demand seasonality for its products and services, with seasonal factors having a more pronounced impact on sequential revenue growth. Historically, the second quarter tends to show a modest decline in revenue, followed by an improvement in the third quarter, and then flat to a possible modest decline in the fourth quarter. November has historically been the strongest month for EPAM in terms of average stock return, while February tends to be the weakest.

EPAM Systems, Inc. is a U.S.-based global provider of digital platform engineering and software development services. The company offers digital engineering, cloud transformation, AI, and comprehensive software development. Its services include application development, cloud migration, DevOps, digital transformation consulting, platform modernization, API development, data analytics, product design, customer experience, cybersecurity, managed services, and IT operations. EPAM also provides software product and platform development services, covering the full lifecycle from research and design to deployment, maintenance, and modernization.

EPAM Systems has a substantial global presence, serving customers in over 50 countries across North America, South America, Europe, Asia, and Australia. As of the end of 2025, the company employed approximately 62,850 professionals worldwide and operated engineering and consulting centers in more than 55 countries. Major employee hubs include India, Ukraine, Poland, Belarus, Mexico, Hungary, and the United States. The company's primary operational regions are the Americas, EMEA, and APAC.

In the past year, EPAM Systems has received several positive recognitions, bolstering its brand reputation. Newsweek ranked EPAM among the Top 5 in IT Services & Consulting in its 2025 Excellence 1000 Index and recognized it as a "Most Loved Workplace" for four consecutive years. The company was also named a Top IT Vendor in Europe by Whitelane Research in its 2025/2026 study. EPAM is recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services, and Worldwide Software Engineering Services. However, the company's reputation has faced scrutiny following its February 19, 2026, earnings report, with investigations into possible securities fraud initiated by The Portnoy Law Firm and the Schall Law Firm.

EPAM Systems' ownership is primarily held by institutional investors, with significant stakes also retained by its founders and management. Major institutional owners include Vanguard Group Inc., BlackRock Inc., Invesco Ltd., Capital World Investors, Ameriprise Financial Inc, State Street Corp, Boston Partners, Geode Capital Management, Llc, Baillie Gifford & Co, and JPMorgan Chase & Co. Other significant institutional holders include Capital Research Global Investors, WCM Investment Management, Fidelity Management & Research Company, LLC, Lone Pine Capital, LLC, Viking Global Investors L.P., DSM Capital Partners, LLC, AllianceBernstein L.P., Nuveen, LLC, Columbia Management Investment Advisers, LLC, and SBI Funds Management Limited. Arkadiy Dobkin, the company's founder, remains a significant individual shareholder.