EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $208.40.

EPAM has been the topic of a number of recent analyst reports. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Morgan Stanley lowered their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 9th. JPMorgan Chase & Co. boosted their price objective on EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Citigroup raised shares of EPAM Systems to a “hold” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings upgraded shares of EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $209.39 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02. EPAM Systems has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The stock has a market cap of $11.57 billion, a PE ratio of 31.97, a price-to-earnings-growth ratio of 2.84 and a beta of 1.75. The stock has a fifty day moving average of $172.65 and a 200-day moving average of $168.58.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 EPS for the quarter, topping the consensus estimate of $3.02 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The firm’s revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.12 EPS. EPAM Systems has set its FY 2025 guidance at 11.360-11.440 EPS and its Q4 2025 guidance at 3.100-3.18 EPS. Equities research analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has initiated a share repurchase program on Tuesday, October 21st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the information technology services provider to purchase up to 12.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at EPAM Systems

In other EPAM Systems 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 transaction of $454,500.00. Following the sale, the senior vice president owned 38,124 shares in the company, 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 SEC, which is available at this hyperlink. Also, SVP Boris Shnayder sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total value of $1,035,000.00. Following the completion of the transaction, the senior vice president owned 15,645 shares of the company’s stock, valued at $3,238,515. The trade was a 24.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,611 shares of company stock worth $1,824,132 in the last three months. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On EPAM Systems

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of EPAM Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,014,935 shares of the information technology services provider’s stock valued at $1,057,782,000 after purchasing an additional 29,763 shares during the period. Invesco Ltd. grew its holdings in EPAM Systems by 14.9% in the 2nd quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after acquiring an additional 533,292 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of EPAM Systems by 28.9% in the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after acquiring an additional 596,760 shares during the period. Geode Capital Management LLC raised its stake in shares of EPAM Systems by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock valued at $250,752,000 after acquiring an additional 15,936 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of EPAM Systems by 20.7% during the third quarter. Baillie Gifford & Co. now owns 1,293,857 shares of the information technology services provider’s stock worth $195,101,000 after purchasing an additional 221,544 shares during the period. 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.