Analysts Set EPAM Systems, Inc. (NYSE:EPAM) PT at $134.36

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

Several analysts recently commented on EPAM shares. Truist Financial dropped their target price on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, May 8th. TD Cowen decreased their price target on EPAM Systems from $170.00 to $131.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wedbush initiated coverage on EPAM Systems in a research report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Finally, Susquehanna cut their target price on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a report on Monday, May 4th.

EPAM Systems Price Performance

NYSE:EPAM opened at $105.85 on Monday. EPAM Systems has a one year low of $73.06 and a one year 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 firm has a market cap of $5.53 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.00 and a beta of 1.39. The firm’s fifty day moving average is $90.90 and its two-hundred day moving average is $127.12.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results 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. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $2.41 EPS. Research analysts expect that EPAM Systems will post 10.4 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of EPAM Systems during the 4th quarter valued at about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of EPAM Systems by 68.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock valued at $1,611,000 after purchasing an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in EPAM Systems by 53.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after purchasing an additional 117,170 shares during the period. United Services Automobile Association purchased a new position in EPAM Systems during the first quarter worth approximately $229,000. Finally, Empowered Funds LLC boosted its position in EPAM Systems by 134.1% during the first quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock worth $381,000 after purchasing an additional 1,291 shares in the last quarter. 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.