EPAM Systems, Inc. (NYSE:EPAM) Receives $134.36 Consensus Target Price from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been assigned an average rating of “Hold” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $133.50.

Several research firms have recently issued reports on EPAM. Citigroup dropped their price objective on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday. Guggenheim dropped their price objective on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Jefferies Financial Group cut 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 research note on Friday, May 29th. Truist Financial cut their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a research report on Friday, July 10th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EPAM. Asset Management One Co. Ltd. lifted its stake in EPAM Systems by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock valued at $439,000 after purchasing an additional 51 shares during the last quarter. Rothschild Investment LLC grew its holdings in EPAM Systems by 51.4% during 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. Horizon Investments LLC grew its stake in EPAM Systems by 6.4% during the fourth quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock valued at $190,000 after acquiring an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of EPAM Systems by 4.5% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock worth $322,000 after buying an additional 67 shares in the last quarter. Finally, Perpetual Ltd increased its stake in EPAM Systems by 2.5% in the 4th quarter. Perpetual Ltd now owns 2,897 shares of the information technology services provider’s stock worth $594,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM opened at $107.26 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company’s fifty day moving average price is $90.83 and its 200 day moving average price is $128.62. The company has a market capitalization of $5.60 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. EPAM Systems has a one year low of $73.06 and a one year high of $222.53.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm earned $2.41 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts expect that EPAM Systems will post 10.4 earnings per share for the current year.

EPAM Systems Company Profile

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.