Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Price Target at $152.00

EPAM Systems, Inc. (NYSE:EPAM) has been given a consensus recommendation of “Hold” by the fifteen ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $152.00.

EPAM has been the topic of several research analyst reports. Wells Fargo & Company cut 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 note on Friday, May 8th. The Goldman Sachs Group lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $215.00 to $110.00 in a report on Friday, May 8th. Susquehanna cut their price objective on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Truist Financial reduced their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th.

EPAM Systems Trading Down 0.4%

Shares of EPAM stock opened at $92.68 on Friday. EPAM Systems has a fifty-two week low of $89.25 and a fifty-two week high of $222.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.67 and a current ratio of 2.67. The stock has a 50 day simple moving average of $111.55 and a two-hundred day simple moving average of $156.75. The company has a market cap of $4.84 billion, a P/E ratio of 13.30, a PEG ratio of 0.86 and a beta of 1.41.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.41 EPS. Research analysts forecast that EPAM Systems will post 10.4 earnings per share for the current year.

Hedge Funds Weigh In On EPAM Systems

A number of large investors have recently modified their holdings of EPAM. NewEdge Advisors LLC grew its holdings in shares of EPAM Systems by 33.5% during the first quarter. NewEdge Advisors LLC now owns 29,332 shares of the information technology services provider’s stock valued at $3,972,000 after buying an additional 7,367 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of EPAM Systems in the 1st quarter worth about $831,000. Bank of America Corp DE lifted its position in EPAM Systems by 15.9% in the 1st quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock valued at $84,584,000 after acquiring an additional 85,480 shares in the last quarter. Bull Harbor Capital LLC bought a new position in EPAM Systems in the 1st quarter valued at about $232,000. Finally, EverSource Wealth Advisors LLC boosted its stake in EPAM Systems by 611.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 569 shares of the information technology services provider’s stock valued at $77,000 after purchasing an additional 489 shares during the last quarter. 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.