Analysts Issue Forecasts for EPAM Systems FY2025 Earnings

EPAM Systems, Inc. (NYSE:EPAM) – Research analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of EPAM Systems in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst D. Goyal now expects that the information technology services provider will post earnings per share of $8.07 for the year, down from their prior forecast of $8.60. Scotiabank has a “Sector Outperform” rating and a $250.00 price target on the stock. The consensus estimate for EPAM Systems’ current full-year earnings is $8.90 per share.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion.

A number of other brokerages have also commented on EPAM. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Barclays lowered their price objective on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Morgan Stanley upped their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $262.47.

EPAM Systems Price Performance

EPAM opened at $179.12 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The stock has a market capitalization of $10.19 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The company’s 50 day simple moving average is $224.30 and its 200-day simple moving average is $221.42. EPAM Systems has a one year low of $169.43 and a one year high of $281.62.

Insider Activity

In related news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of EPAM Systems

Several hedge funds and other institutional investors have recently modified their holdings of EPAM. Quest Partners LLC lifted its stake in EPAM Systems by 36.7% in the 3rd quarter. Quest Partners LLC now owns 645 shares of the information technology services provider’s stock valued at $128,000 after acquiring an additional 173 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of EPAM Systems by 32.6% in the third quarter. Pathstone Holdings LLC now owns 14,249 shares of the information technology services provider’s stock valued at $2,836,000 after purchasing an additional 3,507 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of EPAM Systems in the third quarter worth $291,000. PNC Financial Services Group Inc. boosted its holdings in EPAM Systems by 10.1% during the third quarter. PNC Financial Services Group Inc. now owns 15,448 shares of the information technology services provider’s stock worth $3,075,000 after purchasing an additional 1,414 shares during the last quarter. Finally, Commerce Bank grew its position in EPAM Systems by 3.3% in the third quarter. Commerce Bank now owns 3,381 shares of the information technology services provider’s stock valued at $673,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

About EPAM Systems

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.