EPAM Systems FY2025 EPS Estimate Decreased by Scotiabank

EPAM Systems, Inc. (NYSE:EPAM - Free Report) - Equities researchers at Scotiabank cut their FY2025 EPS estimates for shares of EPAM Systems in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst D. Goyal now forecasts that the information technology services provider will earn $8.07 per share for the year, down from their prior forecast of $8.60. Scotiabank currently has a "Sector Outperform" rating and a $250.00 price target on the stock. The consensus estimate for EPAM Systems' current full-year earnings is $8.90 per share.

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

EPAM has been the subject of several other reports. Barclays reduced their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research report on Tuesday, January 21st. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. The Goldman Sachs Group raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and raised their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, EPAM Systems currently has an average rating of "Moderate Buy" and an average price target of $262.47.

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EPAM Systems Stock Performance

Shares of EPAM stock traded down $2.85 during trading hours on Monday, reaching $174.08. The stock had a trading volume of 495,186 shares, compared to its average volume of 650,171. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm has a 50-day simple moving average of $223.26 and a 200-day simple moving average of $221.11. The firm has a market capitalization of $9.90 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $281.62.

Institutional Trading of EPAM Systems

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 125 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of EPAM Systems by 88.5% during the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc bought a new position in EPAM Systems in the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC increased its position in EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the period. 91.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.30% of the company's stock.

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.