Zacks Research Predicts EPAM Systems FY2027 Earnings

EPAM Systems, Inc. (NYSE:EPAM - Free Report) - Zacks Research issued their FY2027 earnings per share estimates for EPAM Systems in a note issued to investors on Wednesday, March 12th. Zacks Research analyst R. Department expects that the information technology services provider will earn $11.32 per share for the year. The consensus estimate for EPAM Systems' current full-year earnings is $8.90 per share.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion.

Several other equities research analysts have also recently issued reports on EPAM. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Jefferies Financial Group cut their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price target for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Barclays cut their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and an average target price of $267.33.

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EPAM Systems Price Performance

Shares of EPAM stock traded down $3.36 during trading on Friday, hitting $182.86. The company had a trading volume of 464,845 shares, compared to its average volume of 646,497. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The firm has a market capitalization of $10.40 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The stock's 50-day moving average price is $230.19 and its 200 day moving average price is $222.38. EPAM Systems has a one year low of $169.43 and a one year high of $301.60.

Institutional Trading of EPAM Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors increased its holdings in EPAM Systems by 22.0% in the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after purchasing an additional 414,942 shares during the period. Ameriprise Financial Inc. increased its holdings in EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after purchasing an additional 620,551 shares during the period. Geode Capital Management LLC grew its holdings in EPAM Systems by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after acquiring an additional 37,119 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in EPAM Systems by 96.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock worth $191,471,000 after acquiring an additional 401,355 shares during the period. Finally, Marshall Wace LLP grew its holdings in EPAM Systems by 126.4% during the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after acquiring an additional 429,644 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.30% of the stock is owned by corporate insiders.

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.