EPAM Systems, Inc. (NYSE:EPAM) Receives $208.40 Average PT from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been assigned an average rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $208.40.

A number of analysts have recently issued reports on EPAM shares. JPMorgan Chase & Co. increased their price objective on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Citigroup raised shares of EPAM Systems to a “hold” rating in a report on Thursday, October 23rd. Wells Fargo & Company upgraded EPAM Systems to a “strong-buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley decreased 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. Finally, Wall Street Zen lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th.

Insiders Place Their Bets

In other EPAM Systems news, SVP Boris Shnayder sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the senior vice president directly owned 15,645 shares of the company’s stock, valued at $3,238,515. This trade represents a 24.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Viktar Dvorkin sold 2,500 shares of EPAM Systems stock in a transaction that occurred on Thursday, November 13th. The shares were 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 approximately $6,930,943.20. The trade was a 6.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 9,611 shares of company stock valued at $1,824,132. 4.30% of the stock is owned by company insiders.

Institutional Trading of EPAM Systems

Hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its position in shares of EPAM Systems by 8.8% during the second quarter. IFP Advisors Inc now owns 854 shares of the information technology services provider’s stock valued at $152,000 after purchasing an additional 69 shares in the last quarter. CWM LLC boosted its stake in EPAM Systems by 1.1% during the third quarter. CWM LLC now owns 6,546 shares of the information technology services provider’s stock valued at $987,000 after buying an additional 71 shares during the last quarter. Main Management ETF Advisors LLC boosted its stake in EPAM Systems by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 4,398 shares of the information technology services provider’s stock valued at $778,000 after buying an additional 72 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in EPAM Systems by 0.7% during the 1st quarter. IFM Investors Pty Ltd now owns 11,326 shares of the information technology services provider’s stock valued at $1,912,000 after buying an additional 76 shares in the last quarter. Finally, Wallace Advisory Group LLC increased its stake in EPAM Systems by 3.1% in the 2nd quarter. Wallace Advisory Group LLC now owns 2,522 shares of the information technology services provider’s stock worth $426,000 after acquiring an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 3.0%

NYSE EPAM opened at $205.88 on Friday. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $11.37 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 2.87 and a beta of 1.75. The stock’s 50-day moving average price is $174.96 and its 200-day moving average price is $169.04.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $3.12 EPS. The firm’s quarterly revenue was up 19.4% compared to the same quarter last year. 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. On average, equities research analysts predict that EPAM Systems will post 8.9 earnings per share for the current year.

EPAM Systems declared that its board has approved a share buyback program on Tuesday, October 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to repurchase up to 12.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

About EPAM Systems

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.