EPAM Systems, Inc. (NYSE:EPAM – Get Free Report)’s share price fell 5.8% during mid-day trading on Tuesday. The company traded as low as $134.79 and last traded at $135.5250. Approximately 65,074 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,448,074 shares. The stock had previously closed at $143.80.
Analysts Set New Price Targets
EPAM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $85.00 price objective on shares of EPAM Systems in a research report on Friday, July 10th. Morgan Stanley set a $97.00 target price on shares of EPAM Systems in a report on Friday, August 7th. Mizuho set a $130.00 target price on EPAM Systems in a research note on Monday, August 10th. Guggenheim boosted their price target on EPAM Systems from $140.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Finally, TD Cowen lowered their price target on EPAM Systems from $131.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, EPAM Systems presently has a consensus rating of “Hold” and a consensus target price of $122.53.
Check Out Our Latest Stock Report on EPAM Systems
EPAM Systems Trading Down 1.8%
The company has a market capitalization of $7.29 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.42 and a beta of 1.39. The stock’s 50 day moving average is $118.75 and its 200-day moving average is $122.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75.
EPAM Systems (NYSE:EPAM – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.22. EPAM Systems had a return on equity of 15.84% and a net margin of 7.15%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $2.77 EPS. The business’s revenue was up 4.6% on a year-over-year basis. EPAM Systems has set its FY 2026 guidance at 13.080-13.240 EPS and its Q3 2026 guidance at 3.380-3.460 EPS. As a group, equities research analysts anticipate that EPAM Systems, Inc. will post 10.47 earnings per share for the current year.
Institutional Investors Weigh In On EPAM Systems
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in EPAM Systems in the second quarter worth approximately $526,684,000. Dimensional Fund Advisors LP grew its position in EPAM Systems by 25.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,069,284 shares of the information technology services provider’s stock worth $144,789,000 after purchasing an additional 219,388 shares during the period. Bank of America Corp DE purchased a new stake in EPAM Systems during the 2nd quarter valued at $52,531,000. Arrowstreet Capital Limited Partnership raised its stake in EPAM Systems by 7.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock valued at $47,199,000 after buying an additional 25,152 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of EPAM Systems during the 2nd quarter valued at $24,729,000. Institutional investors own 91.58% of the company’s stock.
About EPAM Systems
EPAM Systems, Inc is a global digital engineering and technology services company that helps organizations design, develop and modernize software and digital platforms. Its services support digital transformation initiatives across industries, including financial services, healthcare, life sciences, retail, travel and consumer products.
The company provides software engineering, product development, consulting, cloud services, data and analytics, artificial intelligence, cybersecurity, quality assurance and platform engineering.
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