Pennsylvania-based EPAM Systems, Inc. (EPAM) is a global technology and consulting firm focused on helping organizations navigate digital and AI-driven transformation. The company works with a wide range of clients, from large multinational corporations to emerging startups, offering services that span software development, product engineering, and platform design. With more than three decades of experience, EPAM has built capabilities across custom software and digital solutions, supporting businesses a ...

EPAM Investors Have Opportunity to Join EPAM Systems, Inc. Fraud Investigation with the Schall Law Firm Mar 20, 2026 4:17 PM Eastern Daylight Time EPAM Investors Have Opportunity to Join EPAM Systems, Inc. Fraud Investigation with the Schall Law Firm Contacts Share LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of EPAM Systems, Inc. ("EPAM†or "the Company†) (NYSE: EPAM) for violations of th ...

Core Insights - EPAM Systems, Inc. has been recognized as a 2026 Top IT Sourcing Vendor in Belgium and Luxembourg by Whitelane Research, highlighting its strong engineering expertise and integrated technical capabilities in digital and AI transformation [1][3][10] Client Ratings and Performance - EPAM received high satisfaction ratings in key categories: - Application Services: Ranked 1 with a rating of 83% - General Satisfaction: Rated 83% - Service Delivery Quality: Rated 85% [6][10] - The recognition is based on evaluations from over 340 participants from top IT spending organizations in the region, assessing more than 850 unique IT sourcing relationships [4][10] Industry Leadership - This recognition marks EPAM's third consecutive year as a leading IT provider in Europe, reinforcing its position as a trusted partner for IT services and business transformation [3][5][10] - EPAM's commitment to helping clients become AI-Native enterprises is underscored by its top-quartile standing in AI recognition [4][10] Research Insights - The 2026 BeLux IT Sourcing Study involved evaluations of 36 IT service providers across various performance categories, providing comprehensive client-driven insights into the IT vendor market [4][5][10] - EPAM's performance reflects strong alignment with modern enterprise needs, demonstrating its ability to deliver consistent, measurable outcomes for sustained client value [5][10]

Core Viewpoint - The company is excited to share its story and achievements with investors, highlighting the preparation and energy surrounding the event [1] Group 1 - The leadership team is present and eager to engage with investors, indicating a strong commitment to transparency and communication [1]

EPAM Systems 2026 Investor Day Summary Company Overview - **Company**: EPAM Systems (NYSE: EPAM) - **Event**: 2026 Investor Day held on March 12, 2026 - **Focus**: Positioning for success in the AI era, emphasizing the theme "AI Made Real" [1][4] Core Industry Insights - **Market Dynamics**: The IT services market is projected to grow to $1.8 trillion by 2029, with a CAGR of 5% [13]. The AI market is expected to reach $4.7 trillion by 2029, indicating a significant growth opportunity [14]. - **AI Services Growth**: The AI services segment, particularly AI services plus AI cybersecurity, is growing at a strong double-digit CAGR [14]. Strategic Positioning - **Transformation Focus**: EPAM is reinventing itself as a global leader in AI transformation services, leveraging engineering talent to solve complex business and technology problems [5][6]. - **Adoption Gap**: There is a notable gap between the rapid growth of AI capabilities and the slower adoption rates in enterprises, presenting an opportunity for EPAM to assist clients in catching up [7][8]. - **Client Relationships**: EPAM has deep relationships with clients, with over 80 of the top 100 clients executing AI native projects [11]. Financial Performance - **Revenue Growth**: EPAM reported nearly $4.5-$4.6 billion in revenue for 2025, marking the sixth consecutive quarter of revenue growth [9]. - **Global Presence**: The company operates in 55 countries with a workforce of 62,000, including 56,000 delivery professionals [9]. AI Strategy and Offerings - **AI Native Engineering**: EPAM is focusing on AI native engineering and business transformation, with initiatives like AI/RUN to guide clients in AI adoption [19]. - **New Services**: Introduction of new AI native services such as Empathy Lab, which focuses on AI native experiences [20]. - **Talent Development**: Emphasis on creating a new type of engineer, termed "full stack agentic engineers," who can manage complex AI-driven projects [46][62]. Go-to-Market Transformation - **Sales Strategy**: EPAM is transforming its go-to-market approach to integrate consulting with engineering, creating a consultative moat alongside its engineering capabilities [27][31]. - **Market Adaptation**: The company is adapting its sales and marketing strategies to meet the evolving needs of large enterprises in an AI-centric environment [25][26]. Partnerships and Ecosystem - **Strategic Partnerships**: EPAM has expanded its ecosystem to include over 160 partners, enhancing its ability to deliver AI solutions [34]. - **Innovation in Collaboration**: The company is working with partners to build platforms and drive delivery efficiency, showcasing a collaborative approach to AI innovation [35][36]. Future Outlook - **Autonomous AI**: EPAM is laying the groundwork for future autonomous AI solutions, with current projects serving as a foundation for this evolution [68]. - **Complex Engineering Demand**: The demand for complex engineering solutions is expected to grow, with EPAM positioned to capitalize on this trend [66][69]. Key Takeaways - EPAM is strategically positioned to lead in AI transformation services, leveraging its engineering heritage and deep client relationships to drive growth in a rapidly evolving market [22][49]. - The company is focused on bridging the gap between AI capabilities and enterprise adoption, creating significant opportunities for future growth [7][8].

Core Insights - EPAM has been recognized as a Top IT Vendor in the Netherlands for the fourth consecutive year by Whitelane Research, highlighting its strong position in the IT service market [1][2] - The company achieved exceptional performer status with 88% in application services and 87% in general satisfaction, indicating high client satisfaction and service quality [1] Company Performance - EPAM received above-average ratings in several performance categories: - Security: 84% - Account Management Quality: 84% - General Satisfaction: 87% (Ranked 3) - Service Delivery Quality: 88% (Ranked 3) - Application Services: 88% (Ranked 1) [1] Market Context - The 2026 Dutch IT Sourcing Study involved over 350 participants from top IT spending organizations, evaluating nearly 800 unique IT sourcing relationships and over 1,150 cloud sourcing relationships [1] - This recognition reflects EPAM's commitment to helping organizations navigate digital transformation and adopt emerging technologies like AI [1]

Group 1 - White Falcon Capital Management's portfolio returned 5.6% in Q4 2025, with a yearly return of 28.4% [1] - The portfolio consists of 20-25 selected stocks, focusing on quality and valuation standards to generate positive absolute returns [1] - The rolling three-year annualized return stands at 25.9% CAGR, outperforming major indices like the S&P 500 [1] Group 2 - EPAM Systems, Inc. is highlighted as a leading digital platform engineering and software development services provider [2] - EPAM's stock closed at $144.58 on March 05, 2026, with a one-month return of -22.55% and a 52-week loss of 27.27% [2] - EPAM is trading at 11x EBITDA and 17x EPS based on current year estimates, with expected revenue growth in the mid-teens and earnings growth in the high-teens over the next several years [3] Group 3 - EPAM is positioned at the intersection of enterprise technology and real-world implementation, with potential for growth despite being labeled as an "AI loser" [3] - The market is recognizing that many corporations are not yet on the cloud, and core systems need modernization before AI deployment [3] - EPAM's recent partnership with Cursor allows it to incorporate AI and productivity into its operations without increasing headcount [3]

Core Viewpoint - The S&P 500 has experienced a significant downturn, with many stocks, particularly in the technology sector, facing substantial declines since the peak on January 27, 2023 [1][2]. Company-Specific Analysis - EPAM Systems (EPAM) has seen its shares drop by over 33.7% from the S&P 500 peak, primarily due to investor concerns that AI may replace basic software development tasks previously outsourced to the company [4][7]. - Gartner (IT) has also faced a decline of 26.3%, as investors worry that AI could provide information services that were traditionally purchased from Gartner [5][7]. - Carvana (CVNA) has experienced a nearly 31% drop, attributed to concerns over near-term profitability, with analysts projecting a 12% profit decline in 2026, although a rebound of 39% is expected in 2027 [6][7]. Sector Performance - The technology sector has been particularly hard hit, with multiple companies like Accenture (ACN) and Cognizant Technology Solutions (CTSH) also showing declines of 22.4% and 21.5%, respectively [7][8]. - The consumer discretionary sector is represented by Carvana, which is facing profitability concerns, while the real estate sector is impacted by CoStar Group (CSGP), down 27.1% [6][7]. Market Sentiment - Investor sentiment is currently cautious, driven by fears of AI's impact on various industries and geopolitical risks, leading to a sell-off in multiple stocks [2][3].

Core Viewpoint - EPAM Systems, Inc. is considered one of the best information technology services stocks to buy, despite recent price target reductions by analysts [1][2]. Price Target Adjustments - Mizuho Securities reduced its price target for EPAM from $228 to $199 while maintaining an Outperform rating, indicating a potential upside of nearly 42% as of March 3 [1][2]. - TD Cowen also lowered its price target from $243 to $220 but kept a Buy rating, highlighting similar concerns regarding 2026 guidance [3]. Analyst Sentiment - 70% of analysts covering EPAM rate it a Buy, while 30% rate it a Hold, with an average price target of $195 suggesting an upside potential of almost 40% [4]. Business Performance Insights - EPAM's recent share price has dropped over 23%, which Mizuho views as a buying opportunity due to the company's underlying business momentum [2][3]. - The softer growth outlook is attributed to a sequential revenue decline from Neoris' largest customer in the first quarter [2]. Company Overview - EPAM Systems, Inc. specializes in digital platform engineering and software development services, including requirement analysis, platform selection, customization, cross-platform migration, and implementation [5].

Core Viewpoint - EPAM Systems, Inc. has entered into a $300 million accelerated share repurchase agreement with Morgan Stanley, reflecting the company's confidence in its long-term growth potential and current valuation [1] Group 1: Share Repurchase Agreement - The accelerated share repurchase (ASR) agreement allows EPAM to repurchase an aggregate of $300 million of its common stock, authorized under a $1.0 billion share repurchase program [1] - The company will make an initial payment of $300 million to Morgan Stanley and receive 1,703,336 shares, valued at $240 million based on the closing price on March 4, 2026 [1] - The final number of shares to be repurchased will be determined by the volume-weighted average share price during the ASR term, subject to adjustments [1] Group 2: Company Outlook and Strategy - The CEO of EPAM stated that the repurchase program demonstrates confidence in the company's long-term outlook and ability to generate sustained growth through its engineering foundation and AI market leadership [1] - The company believes its current valuation does not fully reflect its strength and future potential, viewing the ASR as a value-enhancing use of capital [1] - After the ASR, EPAM will have $452.5 million remaining under its current share repurchase authorization [1] Group 3: Company Profile - EPAM Systems is recognized as a global leader in AI transformation engineering and integrated consulting, serving Forbes Global 2000 companies and ambitious startups [1] - The company has over thirty years of expertise in custom software, product, and platform engineering, empowering organizations to become AI-native enterprises [1] - EPAM has received recognition from various industry benchmarks and is acknowledged as a "Most Loved Workplace" globally [1]