Zacks Research Forecasts EPAM Systems FY2027 Earnings

EPAM Systems, Inc. (NYSE:EPAM) – Investment analysts at Zacks Research issued their FY2027 earnings per share estimates for EPAM Systems in a report released on Wednesday, March 12th. Zacks Research analyst R. Department anticipates that the information technology services provider will earn $11.32 per share for the year. The consensus estimate for EPAM Systems’ current full-year earnings is $8.90 per share.

A number of other equities research analysts also recently weighed in on the company. Scotiabank decreased their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Barclays dropped their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley boosted their price target 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. Finally, Needham & Company LLC restated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a research note on Thursday, February 20th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems has an average rating of “Moderate Buy” and a consensus price target of $267.33.

EPAM Systems Price Performance

EPAM opened at $182.28 on Friday. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $302.19. The stock has a fifty day moving average of $232.05 and a 200-day moving average of $222.26. The firm has a market capitalization of $10.37 billion, a P/E ratio of 23.25, a PEG 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 (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Several large investors have recently added to or reduced their stakes in the business. Capital World Investors grew its position in EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock valued at $538,778,000 after buying an additional 414,942 shares during the period. Ameriprise Financial Inc. grew its position in EPAM Systems by 39.8% during the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock valued at $510,053,000 after buying an additional 620,551 shares during the period. Geode Capital Management LLC grew its position in EPAM Systems by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider’s stock valued at $314,616,000 after buying an additional 37,119 shares during the period. Massachusetts Financial Services Co. MA grew its position in EPAM Systems by 96.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider’s stock valued at $191,471,000 after buying an additional 401,355 shares during the period. Finally, Marshall Wace LLP grew its position in EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after buying an additional 429,644 shares during the period. 91.58% of the stock is currently owned by institutional investors.

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.