EPAM Systems (NYSE:EPAM) Price Target Cut to $201.00 by Analysts at JPMorgan Chase & Co.

EPAM Systems (NYSE:EPAM) had its target price reduced by JPMorgan Chase & Co. from $205.00 to $201.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the information technology services provider’s stock.

Other analysts have also issued reports about the stock. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday. Barclays boosted their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Needham & Company LLC boosted their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Susquehanna cut their target price on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Finally, Scotiabank cut their target price on shares of EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.25.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $166.5690 on Wednesday. The company has a 50 day moving average price of $167.42 and a 200-day moving average price of $179.72. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The firm has a market capitalization of $9.28 billion, a PE ratio of 23.76, a P/E/G ratio of 2.43 and a beta of 1.67. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $2.45 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities research analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of EPAM Systems by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,985,172 shares of the information technology services provider’s stock worth $1,235,118,000 after purchasing an additional 20,921 shares during the period. Invesco Ltd. boosted its position in shares of EPAM Systems by 14.9% in the second quarter. Invesco Ltd. now owns 4,102,790 shares of the information technology services provider’s stock worth $725,455,000 after purchasing an additional 533,292 shares during the period. Ameriprise Financial Inc. boosted its position in shares of EPAM Systems by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock worth $383,267,000 after purchasing an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of EPAM Systems by 98.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after acquiring an additional 809,423 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of EPAM Systems by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,418,287 shares of the information technology services provider’s stock worth $250,752,000 after acquiring an additional 15,936 shares during the last quarter. 91.58% of the stock is currently 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.