EPAM Systems (NYSE:EPAM) Stock Price Up 8.3% – Time to Buy?

Shares of EPAM Systems, Inc. (NYSE:EPAM) shot up 8.3% on Wednesday . The stock traded as high as $108.42 and last traded at $108.7720. 1,196,613 shares changed hands during trading, a decline of 23% from the average session volume of 1,554,639 shares. The stock had previously closed at $100.40.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EPAM. Needham & Company LLC dropped their price target on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Wedbush assumed coverage on shares of EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 price objective on the stock. Truist Financial lowered their price objective on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Citigroup dropped their target price on shares of EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a report on Monday. Finally, Susquehanna cut their target price on EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $133.50.

EPAM Systems Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market capitalization of $5.43 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. The stock’s 50 day simple moving average is $90.84 and its 200-day simple moving average is $127.86.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm earned $2.41 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that EPAM Systems, Inc. will post 10.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

Several large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its stake in shares of EPAM Systems by 4,233.3% during the fourth quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after buying an additional 127 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of EPAM Systems in the 2nd quarter valued at $27,000. MUFG Securities EMEA plc purchased a new stake in shares of EPAM Systems during the 2nd quarter worth $30,000. Sound Income Strategies LLC grew its stake in shares of EPAM Systems by 279.5% during the fourth quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Finally, 1248 Management LLC purchased a new position in EPAM Systems in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.