TD Cowen Issues Pessimistic Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM) had its price target reduced by analysts at TD Cowen from $170.00 to $131.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s target price indicates a potential upside of 56.16% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Wells Fargo & Company cut their price target on shares of EPAM Systems from $195.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Morgan Stanley set a $112.00 target price on EPAM Systems in a research report on Friday, May 8th. Guggenheim cut their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Truist Financial reduced their price target on EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Finally, Needham & Company LLC decreased their price target on EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, EPAM Systems presently has an average rating of “Hold” and a consensus target price of $134.36.

EPAM Systems Trading Down 3.9%

EPAM opened at $83.89 on Thursday. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a 50-day simple moving average of $93.39 and a 200 day simple moving average of $140.06.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $2.41 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Analysts predict that EPAM Systems will post 10.42 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPAM. Asset Management One Co. Ltd. boosted its position in shares of EPAM Systems by 2.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock valued at $439,000 after buying an additional 51 shares during the last quarter. Rothschild Investment LLC lifted its stake in EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after acquiring an additional 54 shares in the last quarter. Horizon Investments LLC lifted its stake in EPAM Systems by 6.4% during the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock valued at $190,000 after acquiring an additional 56 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in EPAM Systems by 34.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 60 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in shares of EPAM Systems by 25.1% in the 4th quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock worth $63,000 after acquiring an additional 62 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

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.