EPAM Systems, Inc. (NYSE:EPAM) Receives Average Recommendation of “Hold” from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has earned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $134.3571.

Several research analysts have recently commented on EPAM shares. TD Cowen decreased their price target on shares of EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Truist Financial cut their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Needham & Company LLC reduced their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, 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.

EPAM Systems Stock Performance

EPAM stock opened at $89.94 on Monday. The stock’s 50 day simple moving average is $90.89 and its 200 day simple moving average is $131.12. EPAM Systems has a 12-month low of $73.06 and a 12-month high of $222.53. The firm has a market cap of $4.70 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.85 and a beta of 1.43. 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 (NYSE:EPAM) last released its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The firm had revenue of $1.40 billion during 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 was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 earnings per share. As a group, equities research analysts predict that EPAM Systems will post 10.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EPAM. Asset Management One Co. Ltd. raised its holdings in shares of EPAM Systems by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock valued at $439,000 after buying an additional 51 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of EPAM Systems by 51.4% during the fourth quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares during the period. Horizon Investments LLC grew its holdings in EPAM Systems by 6.4% in the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after buying an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in EPAM Systems by 4.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock worth $322,000 after buying an additional 67 shares in the last quarter. Finally, Perpetual Ltd increased its position in EPAM Systems by 2.5% in the 4th quarter. Perpetual Ltd now owns 2,897 shares of the information technology services provider’s stock valued at $594,000 after acquiring an additional 72 shares during the period. 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.