EPAM Systems (NYSE:EPAM) Raised to Hold at Wedbush

EPAM Systems (NYSE:EPAM) was upgraded by equities researchers at Wedbush to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also recently commented on EPAM. Needham & Company LLC dropped their target price on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Susquehanna decreased their price target on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. TD Cowen decreased their price target on shares of EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Mizuho lifted their price target on shares of EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Finally, Citigroup restated a “cautious” rating on shares of EPAM Systems in a report on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $148.21.

EPAM Systems Stock Down 2.9%

Shares of NYSE:EPAM opened at $92.62 on Monday. The firm has a market capitalization of $4.84 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.88 and a beta of 1.41. 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 moving average price of $109.85 and a 200-day moving average price of $155.47. EPAM Systems has a 52-week low of $89.25 and a 52-week high of $222.53.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion for 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 firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.41 earnings per share. As a group, equities research analysts anticipate that EPAM Systems will post 10.4 EPS for the current fiscal year.

Hedge Funds Weigh In On EPAM Systems

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its stake in EPAM Systems by 4,233.3% in the 4th 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. CYBER HORNET ETFs LLC purchased a new stake in EPAM Systems during the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc bought a new stake in EPAM Systems during the 2nd quarter valued at about $30,000. Sound Income Strategies LLC raised its holdings in EPAM Systems by 279.5% in the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after buying an additional 109 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in EPAM Systems in the fourth quarter worth about $32,000. 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.