FY2025 EPS Estimates for EPAM Systems Reduced by Scotiabank

EPAM Systems, Inc. (NYSE:EPAM) – Investment analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of EPAM Systems in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst D. Goyal now expects that the information technology services provider will earn $8.07 per share for the year, down from their prior estimate of $8.60. Scotiabank currently has a “Sector Outperform” rating and a $250.00 price objective on the stock. The consensus estimate for EPAM Systems’ current full-year earnings is $8.90 per share.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their price objective for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Jefferies Financial Group dropped their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Barclays cut their target price on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $262.47.

EPAM Systems Trading Up 1.9 %

Shares of NYSE EPAM opened at $178.58 on Monday. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $281.62. 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 moving average of $225.24 and a 200 day moving average of $221.60. The stock has a market cap of $10.16 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%.

Institutional Investors Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fairtree Asset Management Pty Ltd purchased a new position in shares of EPAM Systems in the fourth quarter worth approximately $414,000. 111 Capital bought a new position in EPAM Systems in the fourth quarter worth approximately $696,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of EPAM Systems by 42.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,118 shares of the information technology services provider’s stock worth $1,431,000 after acquiring an additional 1,812 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of EPAM Systems during the 4th quarter valued at $4,265,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of EPAM Systems in the 4th quarter worth $4,581,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is currently owned by 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.