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

EPAM Systems, Inc. (NYSE:EPAM) has been assigned a consensus rating of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $148.2143.

Several research firms have weighed in on EPAM. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and cut their price target for the company from $215.00 to $110.00 in a report on Friday, May 8th. Wells Fargo & Company lowered their target price on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Jefferies Financial Group lowered shares of EPAM Systems from a “buy” rating to a “hold” rating and cut their target price for the company from $130.00 to $110.00 in a report on Friday, May 29th. Weiss Ratings cut shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, Susquehanna decreased their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research note on Monday, May 4th.

EPAM Systems Trading Up 7.5%

Shares of EPAM Systems stock opened at $85.33 on Thursday. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.73 and a beta of 1.43. The business has a 50-day moving average price of $98.09 and a 200-day moving average price of $145.54. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The firm had revenue of $1.40 billion for 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 business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.41 earnings per share. Equities research analysts anticipate that EPAM Systems will post 10.42 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

A number of large investors have recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of EPAM Systems by 3,852.7% in the 1st quarter. Pacer Advisors Inc. now owns 180,637 shares of the information technology services provider’s stock valued at $24,458,000 after acquiring an additional 176,067 shares during the last quarter. NewEdge Advisors LLC grew its position in EPAM Systems by 33.5% in the first quarter. NewEdge Advisors LLC now owns 29,332 shares of the information technology services provider’s stock worth $3,972,000 after acquiring an additional 7,367 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in EPAM Systems during the first quarter worth approximately $831,000. Bank of America Corp DE increased its stake in EPAM Systems by 15.9% during the first quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock worth $84,584,000 after acquiring an additional 85,480 shares during the last quarter. Finally, Bull Harbor Capital LLC purchased a new stake in EPAM Systems during the first quarter valued at approximately $232,000. 91.58% of the stock is currently owned by institutional investors.

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.