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

EPAM Systems, Inc. (NYSE:EPAM) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $152.00.

A number of research analysts have commented on EPAM shares. Wall Street Zen downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Susquehanna cut their target price on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Needham & Company LLC cut their target price on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Morgan Stanley set a $112.00 target price on shares of EPAM Systems in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th.

Institutional Trading of EPAM Systems

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. boosted its holdings in shares of EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 127 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $27,000. 1248 Management LLC bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $32,000. Finally, Rothschild Investment LLC boosted its holdings in shares of EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 0.7%

Shares of EPAM opened at $98.23 on Friday. EPAM Systems has a 1-year low of $89.25 and a 1-year high of $222.53. The company has a 50-day moving average of $114.84 and a 200 day moving average of $159.28. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.90 and a beta of 1.41. 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 announced its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $2.41 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts expect that EPAM Systems will post 10.4 EPS for the current year.

About EPAM Systems

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.