EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $152.00.

EPAM has been the topic of a number of analyst reports. Needham & Company LLC dropped their target price on EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. The Goldman Sachs Group cut EPAM Systems from a “buy” rating to a “neutral” rating and dropped their target price for the company from $215.00 to $110.00 in a research report on Friday, May 8th. JPMorgan Chase & Co. dropped their target price on EPAM Systems from $215.00 to $183.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Wells Fargo & Company dropped their target price on EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th.

Institutional Investors Weigh In On EPAM Systems

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in EPAM Systems by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock worth $1,057,782,000 after buying an additional 29,763 shares during the last quarter. Capital World Investors boosted its holdings in EPAM Systems by 59.4% in the 4th quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in EPAM Systems by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after buying an additional 596,760 shares during the last quarter. Boston Partners acquired a new stake in EPAM Systems in the 4th quarter worth about $349,428,000. Finally, JPMorgan Chase & Co. boosted its holdings in EPAM Systems by 56.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after buying an additional 416,324 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Price Performance

NYSE:EPAM opened at $95.50 on Friday. EPAM Systems has a 52 week low of $89.25 and a 52 week high of $222.53. 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 stock has a market capitalization of $4.99 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.41. The stock’s 50-day moving average price is $110.76 and its 200-day moving average price is $156.32.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $2.41 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that EPAM Systems will post 10.4 EPS for the current fiscal year.

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.