FY2025 EPS Estimates for EPAM Systems Decreased by Analyst

EPAM Systems, Inc. (NYSE:EPAM) – Stock analysts at Scotiabank dropped their FY2025 EPS estimates for EPAM Systems in a research report issued on Wednesday, March 19th. Scotiabank analyst D. Goyal now forecasts that the information technology services provider will post earnings per share of $8.07 for the year, down from their previous estimate of $8.60. Scotiabank currently has a “Sector Outperform” rating and a $250.00 price target on the stock. The consensus estimate for EPAM Systems’ current full-year earnings is $8.90 per share.

EPAM has been the topic of a number of other reports. Jefferies Financial Group decreased their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Barclays decreased their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Finally, Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $262.47.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $179.12 on Monday. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $224.30 and its two-hundred day moving average price is $221.42. The company has a market cap of $10.19 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $281.62.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EPAM. Capital World Investors increased its stake in shares of EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock valued at $538,778,000 after purchasing an additional 414,942 shares during the last quarter. Ameriprise Financial Inc. raised its stake in EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock worth $510,053,000 after acquiring an additional 620,551 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider’s stock worth $314,616,000 after acquiring an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider’s stock valued at $191,471,000 after purchasing an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of EPAM Systems by 126.4% during the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after purchasing an additional 429,644 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

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.