EPAM Systems (NYSE:EPAM) Trading Down 5.6% Following Analyst Downgrade

Shares of EPAM Systems, Inc. (NYSE:EPAM) dropped 5.6% on Wednesday after Morgan Stanley lowered their price target on the stock from $210.00 to $175.00. Morgan Stanley currently has an equal weight rating on the stock. EPAM Systems traded as low as $156.04 and last traded at $155.82. Approximately 425,448 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 750,469 shares. The stock had previously closed at $165.02.

EPAM has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a “hold” rating and a $171.00 price objective for the company. TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Monday, August 18th. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, August 18th. Barclays boosted their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.06.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. CYBER HORNET ETFs LLC purchased a new stake in EPAM Systems in the 2nd quarter valued at $27,000. Sound Income Strategies LLC purchased a new position in EPAM Systems during the 2nd quarter worth $29,000. MUFG Securities EMEA plc purchased a new position in EPAM Systems during the 2nd quarter worth $30,000. Sentry Investment Management LLC purchased a new position in EPAM Systems during the 1st quarter worth $33,000. Finally, CX Institutional purchased a new position in EPAM Systems during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The company has a market cap of $8.52 billion, a PE ratio of 21.81, a P/E/G ratio of 2.40 and a beta of 1.66. The stock’s 50-day simple moving average is $166.92 and its 200 day simple moving average is $170.87.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $2.45 EPS. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. As a group, equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.