EPAM Systems (NYSE:EPAM – Get Free Report) had its price objective boosted by equities researchers at Morgan Stanley from $97.00 to $140.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Morgan Stanley‘s price target points to a potential upside of 4.85% from the stock’s previous close.
Several other equities analysts have also weighed in on EPAM. Stifel Nicolaus set a $135.00 price objective on shares of EPAM Systems in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. William Blair cut shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Susquehanna cut their price objective on shares of EPAM Systems from $167.00 to $146.00 and set a “positive” rating for the company in a research report on Friday, August 7th. Finally, Truist Financial reduced their price objective on EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, EPAM Systems has a consensus rating of “Hold” and a consensus price target of $125.40.
View Our Latest Stock Report on EPAM
EPAM Systems Stock Performance
EPAM traded down $4.65 during trading hours on Wednesday, reaching $133.52. The company’s stock had a trading volume of 1,546,640 shares, compared to its average volume of 1,455,914. EPAM Systems has a 52 week low of $73.06 and a 52 week high of $222.53. The company’s 50-day moving average is $119.29 and its 200-day moving average is $122.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market cap of $6.89 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.28.
EPAM Systems (NYSE:EPAM – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.22. EPAM Systems had a net margin of 7.15% and a return on equity of 15.84%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the business posted $2.77 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. 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. On average, equities analysts forecast that EPAM Systems will post 10.47 EPS for the current year.
Hedge Funds Weigh In On EPAM Systems
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in EPAM Systems in the 2nd quarter valued at about $526,684,000. Bank of America Corp DE acquired a new position in shares of EPAM Systems during the 2nd quarter worth approximately $52,531,000. Bank of New York Mellon Corp bought a new position in shares of EPAM Systems during the second quarter worth approximately $24,729,000. Assenagon Asset Management S.A. increased its holdings in shares of EPAM Systems by 1,560.4% during the second quarter. Assenagon Asset Management S.A. now owns 292,542 shares of the information technology services provider’s stock worth $23,213,000 after purchasing an additional 274,923 shares during the period. Finally, Freestone Grove Partners LP acquired a new stake in shares of EPAM Systems in the second quarter valued at approximately $18,816,000. 91.58% of the stock is owned by institutional investors.
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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