EPAM Systems (NYSE:EPAM) Cut 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 research 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 analysts have also issued reports on EPAM. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a report on Monday, August 18th. TD Cowen raised EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Monday, August 18th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, July 17th. They set a "hold" rating and a $171.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on EPAM Systems from $205.00 to $201.00 and set an "overweight" rating on the stock in a report on Wednesday, August 20th. Finally, Morgan Stanley lowered their price target on EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 9th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus target price of $224.06.

EPAM Systems Stock Performance

Shares of EPAM stock traded up $3.29 during mid-day trading on Friday, hitting $157.86. 296,689 shares of the stock were exchanged, compared to its average volume of 757,759. The stock's fifty day simple moving average is $164.80 and its two-hundred day simple moving average is $169.12. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.24 and a beta of 1.66. EPAM Systems has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.16. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $2.45 earnings per share. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, analysts forecast that EPAM Systems will post 8.9 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of EPAM Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after purchasing an additional 1,112 shares during the last quarter. SG Americas Securities LLC raised its position in shares of EPAM Systems by 518.9% during the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after purchasing an additional 5,827 shares during the last quarter. Liontrust Investment Partners LLP acquired a new position in shares of EPAM Systems during the 1st quarter worth approximately $6,486,000. CX Institutional acquired a new position in shares of EPAM Systems during the 1st quarter worth approximately $42,000. Finally, Fifth Third Bancorp raised its position in shares of EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after purchasing an additional 91 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.