EPAM Systems (NYSE:EPAM) Shares Gap Down – Here’s Why

EPAM Systems, Inc. (NYSE:EPAM)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $86.38, but opened at $82.06. EPAM Systems shares last traded at $85.5350, with a volume of 336,037 shares traded.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Susquehanna lowered their price objective on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. TD Cowen cut their target price on shares of EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Morgan Stanley set a $112.00 price target on shares of EPAM Systems in a report on Friday, May 8th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $85.00 price objective on shares of EPAM Systems in a report on Friday. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $134.36.

EPAM Systems Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company has a fifty day moving average price of $92.84 and a 200 day moving average price of $138.70. The stock has a market cap of $4.49 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.77 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.EPAM Systems’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $2.41 EPS. On average, equities analysts expect that EPAM Systems, Inc. will post 10.42 EPS for the current year.

Institutional Investors Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently made changes to their positions in EPAM. Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 1.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after purchasing an additional 13,768 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in EPAM Systems by 289.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 17,297 shares of the information technology services provider’s stock worth $3,544,000 after buying an additional 12,861 shares in the last quarter. Aikya Investment Management Ltd raised its position in EPAM Systems by 8.4% in the 4th quarter. Aikya Investment Management Ltd now owns 763,798 shares of the information technology services provider’s stock valued at $156,487,000 after buying an additional 58,977 shares during the last quarter. Van Berkom & Associates Inc. raised its position in EPAM Systems by 14.6% in the 4th quarter. Van Berkom & Associates Inc. now owns 423,510 shares of the information technology services provider’s stock valued at $86,769,000 after buying an additional 54,075 shares during the last quarter. Finally, Merit Financial Group LLC lifted its stake in EPAM Systems by 429.1% during the 4th quarter. Merit Financial Group LLC now owns 11,196 shares of the information technology services provider’s stock valued at $2,294,000 after acquiring an additional 9,080 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

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.