Brokerages Set EPAM Systems, Inc. (NYSE:EPAM) PT at $148.21

EPAM Systems, Inc. (NYSE:EPAM) has received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $148.2143.

A number of analysts have recently issued reports on the company. Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Wedbush started coverage on EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target on the stock. TD Cowen decreased their price objective on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Mizuho upped their target price on EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th.

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors have recently modified their holdings of EPAM. Capital World Investors boosted its position in EPAM Systems by 59.4% during the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after purchasing an additional 1,371,557 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of EPAM Systems by 28.9% in the third 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 bought a new stake in shares of EPAM Systems during the 4th quarter worth $349,428,000. JPMorgan Chase & Co. grew its stake 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 valued at $235,188,000 after buying an additional 416,324 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in EPAM Systems by 1.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after acquiring an additional 13,768 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Trading Up 4.3%

EPAM traded up $3.78 during trading on Thursday, reaching $90.63. The company had a trading volume of 174,401 shares, compared to its average volume of 1,555,433. The firm’s 50-day simple moving average is $95.70 and its 200 day simple moving average is $142.98. 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 company has a market cap of $4.73 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.81 and a beta of 1.43. EPAM Systems has a 12-month low of $73.06 and a 12-month high of $222.53.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, topping the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company posted $2.41 earnings per share. Equities research analysts anticipate that EPAM Systems will post 10.42 earnings per share for the current 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.