EPAM Systems, Inc. (NYSE:EPAM) Given Average Recommendation of “Moderate Buy” by Analysts

EPAM Systems, Inc. (NYSE:EPAM) has been given an average rating of “Moderate Buy” by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $208.40.

Several research firms recently weighed in on EPAM. JPMorgan Chase & Co. lifted their price target on EPAM Systems from $201.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Mizuho raised their price objective on EPAM Systems from $225.00 to $228.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. Citigroup raised shares of EPAM Systems to a “hold” rating in a research report on Thursday, October 23rd. TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Monday, August 18th. Finally, Weiss Ratings raised shares of EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday.

Insider Buying and Selling

In other news, VP Gary C. Abrahams sold 600 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $179.29, for a total value of $107,574.00. Following the sale, the vice president directly owned 2,720 shares of the company’s stock, valued at approximately $487,668.80. This represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Boris Shnayder sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total value of $1,035,000.00. Following the transaction, the senior vice president owned 15,645 shares of the company’s stock, valued at $3,238,515. The trade was a 24.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,611 shares of company stock worth $1,824,132 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Several institutional investors have recently bought and sold shares of EPAM. CYBER HORNET ETFs LLC purchased a new position in EPAM Systems in the 2nd quarter worth approximately $27,000. Sound Income Strategies LLC bought a new stake in shares of EPAM Systems in the 2nd quarter worth $29,000. MUFG Securities EMEA plc bought a new stake in shares of EPAM Systems in the 2nd quarter worth $30,000. Manning & Napier Advisors LLC purchased a new position in shares of EPAM Systems in the third quarter worth $25,000. Finally, True Wealth Design LLC lifted its holdings in shares of EPAM Systems by 1,870.0% during the third quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

EPAM Systems Stock Down 0.8%

Shares of EPAM Systems stock opened at $209.39 on Friday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a market cap of $11.57 billion, a P/E ratio of 31.97, a PEG ratio of 2.84 and a beta of 1.75. The company’s fifty day simple moving average is $172.65 and its two-hundred day simple moving average is $168.58.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the previous year, the firm posted $3.12 EPS. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS and its Q4 2025 guidance at 3.100-3.18 EPS. Research analysts anticipate that EPAM Systems will post 8.9 EPS for the current year.

EPAM Systems announced that its Board of Directors has approved a share repurchase program on Tuesday, October 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.