EPAM Systems (NYSE:EPAM) Stock Price Up 8.3% – What’s Next?

EPAM Systems, Inc. (NYSE:EPAM)’s stock price rose 8.3% on Wednesday . The stock traded as high as $108.42 and last traded at $108.7720. 1,196,613 shares changed hands during trading, a decline of 23% from the average daily volume of 1,554,639 shares. The stock had previously closed at $100.40.

Analyst Ratings Changes

Several brokerages have recently commented on EPAM. Wells Fargo & Company decreased their price objective on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. Jefferies Financial Group downgraded EPAM Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from $130.00 to $110.00 in a research report on Friday, May 29th. Susquehanna dropped their price objective on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and decreased their target price for the company from $215.00 to $110.00 in a research note on Friday, May 8th. Finally, Needham & Company LLC lowered their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $133.50.

EPAM Systems Trading Up 7.6%

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 stock has a 50-day moving average price of $90.76 and a two-hundred day moving average price of $129.42. The stock has a market cap of $5.64 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.41 earnings per share. Sell-side analysts forecast that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. increased its position in EPAM Systems by 2.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock worth $439,000 after purchasing an additional 51 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after buying an additional 54 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of 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 last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of EPAM Systems by 4.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock valued at $322,000 after purchasing an additional 67 shares during the last quarter. Finally, Perpetual Ltd boosted its stake in EPAM Systems by 2.5% during the fourth quarter. Perpetual Ltd now owns 2,897 shares of the information technology services provider’s stock worth $594,000 after buying an additional 72 shares during the period. 91.58% of the stock is owned by hedge funds and other 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.