EPAM Systems (NYSE:EPAM) Releases Quarterly Earnings Results, Misses Estimates By $0.52 EPS

EPAM Systems (NYSE:EPAM) posted its quarterly earnings results on Thursday. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52), Zacks reports. EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems updated its FY 2025 guidance to 10.450-10.750 EPS and its Q1 2025 guidance to 2.220-2.320 EPS.

EPAM Systems Stock Performance

NYSE EPAM traded down $11.55 on Friday, reaching $213.52. The stock had a trading volume of 339,345 shares, compared to its average volume of 562,407. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 4.56. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50. The business’s 50-day moving average price is $244.27 and its 200 day moving average price is $222.18. The stock has a market cap of $12.11 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 3.88 and a beta of 1.51.

Analysts Set New Price Targets

EPAM has been the topic of several analyst reports. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of EPAM Systems in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.83.

Insider Buying and Selling at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by insiders.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.