EPAM Systems (NYSE:EPAM) Reaches New 12-Month Low – Here’s What Happened

EPAM Systems, Inc. (NYSE:EPAM)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $73.06 and last traded at $75.8710, with a volume of 2996123 shares traded. The stock had previously closed at $76.64.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EPAM shares. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $215.00 to $110.00 in a report on Friday, May 8th. Morgan Stanley set a $112.00 price target on EPAM Systems in a research report on Friday, May 8th. TD Cowen dropped their price target on EPAM Systems from $220.00 to $213.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Mizuho raised their price objective on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, Guggenheim decreased their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $148.21.

EPAM Systems Price Performance

The stock has a market cap of $3.96 billion, a PE ratio of 10.89, a P/E/G ratio of 0.70 and a beta of 1.41. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $104.79 and its 200-day moving average is $151.74.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $2.41 EPS. EPAM Systems’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, sell-side analysts predict that EPAM Systems, Inc. will post 10.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Boston Partners bought a new stake in shares of EPAM Systems in the 4th quarter worth about $349,428,000. Capital World Investors grew its stake in EPAM Systems by 59.4% in the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock worth $753,874,000 after purchasing an additional 1,371,557 shares in the last quarter. Norges Bank acquired a new position in EPAM Systems in the fourth quarter worth about $147,870,000. Price T Rowe Associates Inc. MD increased its holdings in EPAM Systems by 849.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 784,101 shares of the information technology services provider’s stock valued at $160,649,000 after buying an additional 701,500 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in EPAM Systems by 28.9% during the third quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock valued at $401,532,000 after buying an additional 596,760 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

About EPAM Systems

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.