EPAM Systems (NYSE:EPAM) Price Target Lowered to $131.00 at TD Cowen

EPAM Systems (NYSE:EPAM) had its price objective lowered by TD Cowen from $170.00 to $131.00 in a report published on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the information technology services provider’s stock.

Other analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of EPAM Systems from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Susquehanna lowered their price objective on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research report on Monday, May 4th. Wells Fargo & Company dropped their price objective on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Citigroup reissued a “cautious” rating on shares of EPAM Systems in a report on Friday, May 29th. Finally, Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $142.36.

EPAM Systems Trading Up 1.2%

Shares of NYSE EPAM opened at $87.02 on Thursday. The stock’s 50 day moving average price is $93.97 and its two-hundred day moving average price is $140.46. EPAM Systems has a 52-week low of $73.06 and a 52-week high of $222.53. The stock has a market capitalization of $4.55 billion, a P/E ratio of 12.48, a PEG ratio of 0.79 and a beta of 1.43. 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 (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. On average, analysts anticipate that EPAM Systems will post 10.42 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. raised its holdings in EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of EPAM Systems by 279.5% during the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of EPAM Systems during the 2nd quarter valued at $27,000. 1248 Management LLC bought a new stake in shares of EPAM Systems in the 4th quarter worth $32,000. Finally, Rothschild Investment LLC lifted its holdings in shares of EPAM Systems by 51.4% in the fourth 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 during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

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.