EPAM Systems (NYSE:EPAM) Given New $125.00 Price Target at Wells Fargo & Company

EPAM Systems (NYSE:EPAM) had its target price trimmed by Wells Fargo & Company from $151.00 to $125.00 in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has an overweight rating on the information technology services provider’s stock.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group lowered EPAM Systems from a “buy” rating to a “neutral” rating and reduced their target price for the company from $215.00 to $110.00 in a report on Friday, May 8th. Guggenheim dropped their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a research report on Friday, May 8th. Wedbush assumed coverage on EPAM Systems in a research note on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective for the company. Finally, Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $134.36.

EPAM Systems Stock Down 3.9%

Shares of EPAM traded down $3.40 during trading hours on Friday, reaching $83.89. 1,164,476 shares of the stock traded hands, compared to its average volume of 1,834,815. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $93.39 and a 200 day simple moving average of $140.06. EPAM Systems has a 52 week low of $73.06 and a 52 week high of $222.53. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.80 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data 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 business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.41 EPS. On average, equities analysts forecast that EPAM Systems will post 10.42 EPS for the current year.

Hedge Funds Weigh In On EPAM Systems

Several institutional investors have recently bought and sold shares of EPAM. Capital World Investors increased its position in EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after buying an additional 1,371,557 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of EPAM Systems by 28.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after buying an additional 596,760 shares during the last quarter. Boston Partners bought a new position in shares of EPAM Systems during the 4th quarter worth $349,428,000. JPMorgan Chase & Co. grew its stake in shares of EPAM Systems by 56.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after acquiring an additional 416,324 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in EPAM Systems by 1.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock worth $219,823,000 after acquiring an additional 13,768 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Company Profile

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.