TD Cowen Cuts EPAM Systems (NYSE:EPAM) Price Target to $131.00

EPAM Systems (NYSE:EPAM) had its price objective reduced by equities research analysts at TD Cowen from $170.00 to $131.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price would suggest a potential upside of 52.29% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Needham & Company LLC decreased their target price on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Weiss Ratings downgraded shares of EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Guggenheim lowered their price objective on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Finally, Mizuho upped 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. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $142.36.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $0.03 during mid-day trading on Thursday, reaching $86.02. 435,586 shares of the company were exchanged, compared to its average volume of 1,564,896. The stock has a market capitalization of $4.49 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.82 and a beta of 1.43. 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’s 50-day simple moving average is $94.50 and its 200-day simple moving average is $141.32. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53.

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 for the quarter, topping the consensus estimate 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 quarter last year, the business earned $2.41 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, research analysts predict that EPAM Systems will post 10.42 earnings per share for the current year.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. Asset Management One Co. Ltd. grew its stake in shares of EPAM Systems by 2.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after acquiring an additional 51 shares during the period. Rothschild Investment LLC lifted its stake in shares of EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 54 shares in the last quarter. Horizon Investments LLC boosted its holdings in EPAM Systems by 6.4% in the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after buying an additional 56 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in EPAM Systems by 34.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 60 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in EPAM Systems by 25.1% in the 4th quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock valued at $63,000 after buying an additional 62 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.