EPAM Systems (NYSE:EPAM) Hits New 1-Year Low – Time to Sell?

EPAM Systems, Inc. (NYSE:EPAM) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $73.06 and last traded at $75.8710, with a volume of 2996123 shares changing hands. The stock had previously closed at $76.64.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EPAM shares. Truist Financial cut their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Wedbush started coverage on EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective for the company. Weiss Ratings lowered shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Guggenheim cut their target price on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Susquehanna reduced their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $148.21.

EPAM Systems Trading Up 2.4%

The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.71 and a beta of 1.41. The business’s 50 day moving average price is $102.94 and its 200-day moving average price is $150.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $2.41 EPS. Equities analysts forecast that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of EPAM Systems in the fourth quarter valued at $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after acquiring an additional 3,880 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in EPAM Systems by 53.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock valued at $56,587,000 after acquiring an additional 117,170 shares during the last quarter. United Services Automobile Association purchased a new position in EPAM Systems during the 1st quarter valued at about $229,000. Finally, Empowered Funds LLC increased its holdings in EPAM Systems by 134.1% during the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 1,291 shares in the last quarter. 91.58% of the stock is 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.