EPAM Systems (NYSE:EPAM) Shares Gap Down – Here’s What Happened

EPAM Systems, Inc. (NYSE:EPAM)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $86.38, but opened at $82.06. EPAM Systems shares last traded at $85.5350, with a volume of 336,037 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EPAM shares. Citigroup restated a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Morgan Stanley set a $112.00 target price on shares of EPAM Systems in a research note on Friday, May 8th. Jefferies Financial Group lowered EPAM Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from $130.00 to $110.00 in a report on Friday, May 29th. Wells Fargo & Company decreased their target price on EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. Finally, TD Cowen lowered their price target on EPAM Systems from $170.00 to $131.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $134.36.

EPAM Systems Price Performance

The stock has a market capitalization of $4.49 billion, a PE ratio of 12.34, a P/E/G ratio of 0.80 and a beta of 1.43. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average is $91.92 and its 200 day moving average is $136.96.

EPAM Systems (NYSE:EPAM) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 EPS. As a group, equities analysts predict that EPAM Systems, Inc. will post 10.41 earnings per share for the current year.

Institutional Trading of EPAM Systems

A number of institutional investors have recently bought and sold shares of EPAM. Sunbelt Securities Inc. increased its position in EPAM Systems by 4,233.3% in the 4th quarter. Sunbelt Securities Inc. now owns 130 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 127 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of EPAM Systems during the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc bought a new stake in shares of EPAM Systems in the 2nd quarter valued at approximately $30,000. Sound Income Strategies LLC grew its stake in shares of EPAM Systems by 279.5% in the 4th quarter. Sound Income Strategies LLC now owns 148 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in EPAM Systems in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.