EPAM Systems (NYSE:EPAM) Upgraded to Hold at Wedbush

Wedbush upgraded shares of EPAM Systems (NYSE:EPAM) to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other brokerages also recently commented on EPAM. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and cut their target price for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Mizuho lifted their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. TD Cowen dropped their price target on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Truist Financial lowered their price objective on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $148.21.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $92.62 on Monday. The company’s fifty day moving average price is $109.85 and its 200-day moving average price is $155.47. The stock has a market cap of $4.84 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems has a 12 month low of $89.25 and a 12 month high of $222.53.

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

Institutional Investors Weigh In On EPAM Systems

Several institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its holdings in EPAM Systems by 4,233.3% in the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of EPAM Systems during the 2nd quarter valued at $27,000. MUFG Securities EMEA plc acquired a new stake in shares of EPAM Systems in the 2nd quarter worth $30,000. Sound Income Strategies LLC grew its stake in EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in EPAM Systems during the 4th quarter valued at about $32,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.