EPAM Systems (NYSE:EPAM) Hits New 12-Month Low – Here’s What Happened

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

A number of analysts recently issued reports on EPAM shares. Citigroup reiterated a “cautious” rating on shares of EPAM Systems in a research note on Friday, May 29th. Truist Financial cut 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. Mizuho raised their target price on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $148.21.

EPAM Systems Stock Down 0.4%

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 company has a market cap of $3.99 billion, a PE ratio of 10.96, a P/E/G ratio of 0.81 and a beta of 1.41. The stock has a 50-day moving average of $106.82 and a 200-day moving average of $153.37.

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 (EPS) for the quarter, beating the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion during 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned $2.41 earnings per share. Sell-side analysts predict that EPAM Systems, Inc. will post 10.42 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Several institutional investors and hedge funds have recently made changes to their positions in EPAM. Pacer Advisors Inc. increased its stake in EPAM Systems by 3,852.7% in the first quarter. Pacer Advisors Inc. now owns 180,637 shares of the information technology services provider’s stock valued at $24,458,000 after acquiring an additional 176,067 shares during the last quarter. NewEdge Advisors LLC lifted its stake in 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 worth $3,972,000 after purchasing an additional 7,367 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in EPAM Systems during the first quarter worth about $831,000. Bank of America Corp DE boosted its holdings in shares of 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 worth $84,584,000 after purchasing an additional 85,480 shares in the last quarter. Finally, Bull Harbor Capital LLC purchased a new position in shares of EPAM Systems in the 1st quarter worth about $232,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.