EPAM Systems (NYSE:EPAM) Hits New 52-Week Low – Time to Sell?

EPAM Systems, Inc. (NYSE:EPAM)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $88.50 and last traded at $88.1670, with a volume of 659840 shares traded. The stock had previously closed at $93.33.

Analysts Set New Price Targets

Several research firms have recently weighed in on EPAM. Morgan Stanley set a $112.00 price target on EPAM Systems in a report on Friday, May 8th. Citigroup reaffirmed a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Guggenheim dropped their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Mizuho increased their price objective on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Finally, Wells Fargo & Company dropped their target price on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, EPAM Systems has a consensus rating of “Hold” and a consensus target price of $148.21.

EPAM Systems Trading Down 6.0%

The company has a market cap of $4.58 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.41. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $108.96 and its 200-day moving average price is $154.83.

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, beating analysts’ consensus estimates of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.41 EPS. As a group, equities research analysts expect that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Boston Partners bought a new position in EPAM Systems in the 4th quarter worth about $349,428,000. Capital World Investors boosted its position in shares of EPAM Systems by 59.4% during the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after acquiring an additional 1,371,557 shares during the last quarter. Norges Bank purchased a new position in shares of EPAM Systems during the fourth quarter worth about $147,870,000. Price T Rowe Associates Inc. MD grew its holdings in shares of EPAM Systems by 849.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock worth $160,649,000 after purchasing an additional 701,500 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after purchasing an additional 596,760 shares during the last quarter. 91.58% of the stock is currently owned by hedge funds and other 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.