EPAM Systems (NYSE:EPAM) Hits New 1-Year Low – What’s Next?

Shares of EPAM Systems, Inc. (NYSE:EPAM) reached a new 52-week low during trading on Wednesday . The company traded as low as $88.50 and last traded at $88.1670, with a volume of 659840 shares. The stock had previously closed at $93.33.

Wall Street Analysts Forecast Growth

EPAM has been the topic of a number of research analyst reports. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a report on Friday, May 8th. The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and cut their target price for the stock from $215.00 to $110.00 in a research report on Friday, May 8th. Jefferies Financial Group cut EPAM Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $110.00 in a research note on Friday, May 29th. Mizuho raised their price target on EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Finally, Guggenheim reduced their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, EPAM Systems has an average rating of “Hold” and an average target price of $148.21.

EPAM Systems Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The stock has a market cap of $4.58 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.41. The business has a 50 day moving average price of $108.96 and a two-hundred day moving average price of $154.83.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 earnings per share. As a group, equities research analysts forecast that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

A number of institutional investors have recently modified their holdings of EPAM. Vanguard Group Inc. increased its holdings in EPAM Systems by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock valued at $1,057,782,000 after purchasing an additional 29,763 shares during the period. Capital World Investors lifted its holdings in EPAM Systems by 59.4% in the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares during the period. Ameriprise Financial Inc. grew its position in shares of EPAM Systems by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after buying an additional 596,760 shares during the last quarter. Boston Partners bought a new stake in shares of EPAM Systems in the 4th quarter worth approximately $349,428,000. Finally, JPMorgan Chase & Co. increased its stake in shares of EPAM Systems by 56.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after buying an additional 416,324 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Company Profile

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.