EPAM Systems (NYSE:EPAM) Announces Quarterly Earnings Results

EPAM Systems (NYSE:EPAM) posted its quarterly earnings results on Thursday. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52), Zacks reports. The firm had revenue of $1.25 billion for 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%. EPAM Systems updated its FY 2025 guidance to 10.450-10.750 EPS and its Q1 2025 guidance to 2.220-2.320 EPS.

EPAM Systems Price Performance

Shares of EPAM stock opened at $208.98 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 $317.50. The firm has a fifty day moving average of $243.56 and a 200-day moving average of $222.23. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock worth $2,129,924 over the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EPAM. Susquehanna raised their price objective on shares of EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Piper Sandler lifted their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Mizuho increased their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. 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. Finally, The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and upped their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus target price of $269.83.

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.