EPAM Systems (NYSE:EPAM) Rating Lowered to Hold at Wall Street Zen

Key Points

• EPAM Systems has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment towards the stock.
• The company reported earnings of $2.77 per share for the last quarter, exceeding estimates and reflecting an 18% year-over-year revenue growth, with a revenue figure of $1.35 billion.
• Despite the downgrade, EPAM Systems maintains a consensus rating of "Moderate Buy" from analysts, with a price target averaging $224.06.

EPAM Systems (NYSE:EPAM - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other equities research analysts have also weighed in on the company. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Monday, August 18th. JPMorgan Chase & Co. cut their price objective on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 20th. Morgan Stanley cut their price objective on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective on the stock. Finally, Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $224.06.

EPAM Systems Trading Up 1.6%

EPAM Systems stock traded up $2.43 during trading hours on Friday, reaching $155.89. The company had a trading volume of 744,678 shares, compared to its average volume of 791,250. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The company has a 50-day moving average price of $163.80 and a 200 day moving average price of $168.72. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 2.23 and a beta of 1.66. EPAM Systems has a 12-month low of $138.15 and a 12-month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) 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. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The business's quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Equities analysts forecast that EPAM Systems will post 8.9 earnings per share for the current year.

Institutional Investors Weigh In On EPAM Systems

Several hedge funds have recently added to or reduced their stakes in EPAM. Brighton Jones LLC bought a new stake in EPAM Systems in the fourth quarter worth $218,000. Focus Partners Wealth bought a new stake in EPAM Systems in the fourth quarter worth $484,000. Janus Henderson Group PLC boosted its holdings in EPAM Systems by 586.8% in the fourth quarter. Janus Henderson Group PLC now owns 46,094 shares of the information technology services provider's stock worth $10,777,000 after acquiring an additional 39,383 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in EPAM Systems by 20.5% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,420 shares of the information technology services provider's stock worth $566,000 after acquiring an additional 412 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in EPAM Systems in the fourth quarter worth $438,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Company Profile

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.