EPAM Systems, Inc. (NYSE:EPAM) Receives $213.81 Average Target Price from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, twelve have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $213.8125.

A number of brokerages have recently issued reports on EPAM. Wall Street Zen cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Mizuho raised their price target on EPAM Systems from $225.00 to $228.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded shares of EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. Finally, TD Cowen raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Monday, August 18th.

EPAM Systems Trading Up 1.3%

EPAM stock opened at $180.88 on Wednesday. The company has a market capitalization of $9.99 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.36 and a beta of 1.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. EPAM Systems has a one year low of $138.15 and a one year high of $269.00. The company’s 50 day moving average price is $159.66 and its two-hundred day moving average price is $166.77.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, beating the consensus estimate of $3.02 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.12 EPS. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS. Q4 2025 guidance at 3.100-3.18 EPS. As a group, analysts predict that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

EPAM Systems declared that its board has initiated a share repurchase plan on Tuesday, October 21st that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at EPAM Systems

In related news, SVP Viktar Dvorkin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the sale, the senior vice president directly owned 38,124 shares of the company’s stock, valued at $6,930,943.20. This trade represents a 6.15% 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, SVP Sergey Yezhkov sold 1,511 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $150.27, for a total value of $227,057.97. Following the transaction, the senior vice president directly owned 146 shares of the company’s stock, valued at $21,939.42. The trade was a 91.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,611 shares of company stock worth $789,132. Company insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC bought a new position in EPAM Systems in the 2nd quarter worth $27,000. Sound Income Strategies LLC purchased a new position in shares of EPAM Systems during the second quarter valued at about $29,000. MUFG Securities EMEA plc bought a new position in EPAM Systems in the second quarter worth about $30,000. Manning & Napier Advisors LLC purchased a new stake in EPAM Systems in the third quarter worth about $25,000. Finally, True Wealth Design LLC boosted its position in EPAM Systems by 1,870.0% during the 3rd quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.