EPAM Systems (NYSE:EPAM) Shares Gap Up - What's Next?

Key Points

• EPAM Systems' stock price opened at $150.45, up from a previous close of $145.00, with the last recorded price at $151.61 and a trading volume of 312,868 shares.
• Analysts have recently upgraded EPAM Systems to a "buy" rating, with target prices ranging from $171.00 to $205.00, while the stock currently holds an average rating of "Moderate Buy" and a target price of $224.06.
• In its recent earnings report, EPAM Systems posted $2.77 earnings per share (EPS), exceeding expectations, and reported a revenue of $1.35 billion, an 18% increase compared to the prior year.

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $145.00, but opened at $150.45. EPAM Systems shares last traded at $151.61, with a volume of 312,868 shares traded.

Wall Street Analyst Weigh In

EPAM has been the topic of several research reports. Cowen raised EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. TD Cowen upgraded EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Monday, August 18th. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a research note on Thursday, July 17th. They issued a "hold" rating and a $171.00 price target on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of EPAM Systems in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $224.06.

EPAM Systems Stock Up 8.2%

The firm has a market capitalization of $8.74 billion, a P/E ratio of 22.43, a P/E/G ratio of 2.10 and a beta of 1.65. The company has a fifty day simple moving average of $158.39 and a 200 day simple moving average of $164.05. 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 - Get Free Report) last issued its earnings results 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $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, equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds have recently added to or reduced their stakes in EPAM. CYBER HORNET ETFs LLC purchased a new position in shares of EPAM Systems in the 2nd quarter worth $27,000. Sound Income Strategies LLC bought a new position in EPAM Systems in the second quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new position in shares of EPAM Systems during the 2nd quarter worth $30,000. True Wealth Design LLC lifted its position in EPAM Systems by 1,870.0% during the third quarter. True Wealth Design LLC now owns 197 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 187 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of EPAM Systems during the 2nd quarter valued at approximately $49,000. 91.58% of the stock is currently owned by hedge funds and other 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.

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