EPAM Systems (NYSE:EPAM) Price Target Cut to $100.00 by Analysts at Morgan Stanley

EPAM Systems (NYSE:EPAM) had its price target lowered by equities research analysts at Morgan Stanley from $112.00 to $100.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley’s price objective would indicate a potential downside of 6.59% from the company’s current price.

EPAM has been the subject of several other reports. Guggenheim decreased their target price on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. The Goldman Sachs Group downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and reduced their price target for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Needham & Company LLC decreased their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, May 7th. TD Cowen lowered their price objective on EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Wells Fargo & Company cut their target price on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $132.64.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $107.05 on Tuesday. EPAM Systems has a 1-year low of $73.06 and a 1-year high of $222.53. 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 business has a fifty day moving average price of $90.99 and a 200-day moving average price of $126.38. The company has a market capitalization of $5.59 billion, a PE ratio of 15.36, a PEG ratio of 1.00 and a beta of 1.39.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the business posted $2.41 EPS. EPAM Systems’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts expect that EPAM Systems will post 10.4 EPS for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

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