EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Rating of “Hold” from Analysts

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $148.2143.

Several equities research analysts have recently commented on EPAM shares. Needham & Company LLC lowered their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Guggenheim cut their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Weiss Ratings lowered EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. TD Cowen cut their price target on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Wells Fargo & Company cut their price target on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, May 8th.

EPAM Systems Stock Down 3.9%

Shares of NYSE:EPAM opened at $86.08 on Thursday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.50 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.82 and a beta of 1.43. The company’s 50-day moving average price is $94.50 and its two-hundred day moving average price is $141.32. EPAM Systems has a 12 month low of $73.06 and a 12 month high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. EPAM Systems’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 EPS. As a group, research analysts forecast that EPAM Systems will post 10.42 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of EPAM Systems by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after buying an additional 13,768 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in EPAM Systems by 289.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock worth $3,544,000 after acquiring an additional 12,861 shares in the last quarter. Aikya Investment Management Ltd raised its position in EPAM Systems by 8.4% during the fourth quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock worth $156,487,000 after acquiring an additional 58,977 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in EPAM Systems by 14.6% in the fourth quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after acquiring an additional 54,075 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in EPAM Systems by 429.1% in the fourth quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after acquiring an additional 9,080 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

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.