最新ニュース EPAM Sys (NYSE:EPAM) 株価情報

EPAM Sys

EPAM Systems is a global IT services firm that offers platform engineering, software development, and consulting services. EPAM's largest market is North America, which represents approximately 60% of revenues. Offerings span assisting companies with new technologies, such as artificial intelligence, virtual reality, and robotics.

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今年の株式市場は、インフレーション圧力の緩和、企業の強い利益、およびAI（人工知能）技術の潜在的な利益に対する楽観的な期待を受けて、連邦準備制度が9月に金利を引き下げるとの期待が高まっています。

S&amp;P500上半期終了も史上最高値を更新せず

EPAM Systems Inc

Jefferies analyst Surinder Thind maintains EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Buy and raises the price target from $237 to $250.

Price Target

Analyst Ratings

Jefferies Maintains Buy on EPAM Sys, Raises Price Target to $250

JP Morgan analyst Tien-Tsin Huang maintains EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Overweight and raises the price target from $222 to $262.

JP Morgan Maintains Overweight on EPAM Sys, Raises Price Target to $262

Endava Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) is gaining momentum in the IT services sector, with JPMorgan analyst Tien-tsin Huang highlighting it as a &#8220;top pick&#8221; with &#8220;highest upside in digital IT&#8221; for the <a href="https://www.benzinga.com/quote/DAVA/news">second half of 2024</a>.
Endava, founded in 2006 in the U.K., is an IT services company specializing in digital transformation through custom software development. It primarily serves clients in payments, financial services, technology, media and telecom, with most of its revenue coming from the U.K. and Europe.
Endava stock commands a market capitalization of $1.76 billion on the U.S. stock market, making it a small-cap stock positioned for near-term growth.
With low market expectations and an attractive valuation, Endava offers a promising risk/reward profile ahead of its FY25 guidance, expected on Sept. 19.
JPMorgan maintains an Overweight rating on Endava stock, setting a price target of $47, implying over 54% upside from current price levels.
<h1 class="wp-block-heading">JPMorgan Bullish On Endava&#8217;s Scope In Digital Transformation</h1>
JPMorgan is bullish on Endava&#8217;s growth prospects, driven by the increasing digital transformation needs of legacy enterprises. As more industries undergo significant technological disruption, Endava is well-positioned to capitalize on this trend, particularly in fast-growing verticals like payments, banking and telecoms.
Endava's core strength lies in its ability to support digital transformation efforts across these sectors, which have seen rapid growth and change. Huang expects Endava to deliver mid- to long-term organic revenue growth, aligning with the broader high-growth areas of the technology marketplace.
Read Also: <a href="https://www.benzinga.com/news/24/08/40423157/small-cap-ai-stocks-on-the-rise-3-hidden-gems-you-shouldnt-miss">Small-Cap AI Stocks On The Rise: 3 Hidden Gems You Shouldn&#8217;t Miss</a>
<h1 class="wp-block-heading">Valuation Indicates Near-Term Upside Potential</h1>
&#8220;We see the highest upside in digital IT at DAVA as it trades at the low end of peers' 19-29x NTM multiple range, offering near-term potential upside,&#8221; said Huang. 
JPMorgan projects the company will achieve more than 20% top-line growth, comparable to similar players like EPAM Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) and Globant SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>).
Despite concerns about macroeconomic sensitivity in its core verticals and potential margin pressure, JPMorgan believes Endava can overcome these hurdles, especially as digital transformation remains a priority for businesses worldwide. The firm&#8217;s exposure to high-growth sectors and its ability to capture market share from competitors make it a solid investment choice in the evolving IT landscape.
As Endava heads into its next earnings report, investors will be watching closely for updates on its FY25 guidance, which could further solidify its position as a long-term winner in the digital IT services space.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40676035/exclusive-are-small-cap-stocks-ready-for-a-rebound-leveraged-etf-data-signals-a-bullish-trend-says-e" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Are Small-Cap Stocks Ready For A Rebound? Leveraged ETF Data Signals A Bullish Trend, Says Expert</a></li>
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Don't miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">Benzinga SmallCAP Conference on October 9-10, 2024</a>, at the Chicago Marriott Downtown Magnificent Mile. 
Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you're a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. 
<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">Secure your spot and get your tickets today!</a>
Photo: Pitor Swat via Shutterstock

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This Small Cap 'Top Pick' Is Positioned For Strong Gains, JPMorgan Sees Over 50% Upside

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/04/final-trades-epam-systems-salesforce-charles-schwab-and-wynn-resorts.html">Halftime Report Final Trades</a>,&#8221; Rob Sechan of NewEdge Wealth named Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) as his final trade.
On Aug. 28, Salesforce reported second-quarter revenue of $9.33 billion, beating the consensus estimate of $9.23 billion. The enterprise cloud solutions company reported adjusted earnings of $2.56 per share, beating analyst estimates of $2.36 per share, according to Benzinga Pro.
Jim Lebenthal of Cerity Partners picked Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).
On Aug. 6, Wynn Resorts reported quarterly earnings of $1.12 per share on revenue of $1.733 billion with both figures missing the analyst consensus estimates.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) trades at 17 times earnings.
On Aug. 22, Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained Charles Schwab with an Outperform and maintained a price target of $80.
Karen Firestone of Aureus Asset Management named EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>), as her final trade.
On Sept. 4, EPAM Systems announced that it has <a href="https://www.benzinga.com/pressreleases/24/09/n40705265/epam-announces-agreement-to-acquire-neoris">agreed to acquire</a> NEORIS.
Price Action:
<ul>
<li>Salesforce shares fell 0.2% to close at $247.68 during Wednesday's session.</li>
<li>Wynn Resorts shares gained 1.6% to settle at $77.04 on Wednesday.</li>
<li>Charles Schwab shares fell 1.4% to close at $63.90.</li>
<li>EPAM Systems shares gained 2.6% to settle at $200.50 on Wednesday.</li>
</ul>
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Image: Shutterstock

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Salesforce, Wynn Resorts, EPAM Systems And A Financial Stock On CNBC's 'Final Trades'

In the last three months, 8 analysts have published ratings on EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>), offering a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $223.25, with a high estimate of $240.00 and a low estimate of $200.00. This current average has decreased by 2.16% from the previous average price target of $228.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1725483631_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive EPAM Sys. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Bryan Keane</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$204.00</td>
<td>-</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$240.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$225.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Surinder Thind</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$237.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$252.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to EPAM Sys. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of EPAM Sys compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of EPAM Sys's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of EPAM Sys's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/EPAM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on EPAM Sys analyst ratings.</a>
<h2>Get to Know EPAM Sys Better</h2>
EPAM Systems is a global IT services firm that offers platform engineering, software development, and consulting services. EPAM's largest market is North America, which represents approximately 60% of revenues. Offerings span assisting companies with new technologies, such as artificial intelligence, virtual reality, and robotics.
<h3>A Deep Dive into EPAM Sys's Financials</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Challenges: EPAM Sys's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -2.02%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.6%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): EPAM Sys's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.87%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): EPAM Sys's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.29% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: EPAM Sys's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.05.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On EPAM Sys Through 8 Analysts

Piper Sandler analyst Arvind Ramnani maintains EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Overweight and maintains $225 price target.

Piper Sandler Maintains Overweight on EPAM Sys, Maintains $225 Price Target

CNBC Halftime Report Final Trades: EPAM Systems, The Charles Schwab Corp, Wynn Resorts, Salesforce

WIIM

EPAM Systems shares are trading higher after the company announced that it has entered into an agreement to acquire NEORIS.

EPAM Systems To Acquire NEORIS, Expanding Delivery Capabilities In Latin America And Europe To Enhance Client Value Across Key Industries; Financial Terms Not Disclosed

Deutsche Bank analyst Bryan Keane initiates coverage on EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Hold rating and announces Price Target of $204.

Initiation

Deutsche Bank Initiates Coverage On EPAM Sys with Hold Rating, Announces Price Target of $204

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Shares of companies within the broader technology sector are trading higher amid overall market strength following softer-than-expected PPI figures.

9 analysts have shared their evaluations of EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated EPAM Sys and provided 12-month price targets. The average target is $223.33, accompanied by a high estimate of $258.00 and a low estimate of $195.00. Experiencing a 10.87% decline, the current average is now lower than the previous average price target of $250.57. 
<img src="https://www.benzinga.com/files/images/story/2024/1723223216_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive EPAM Sys is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$240.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$225.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$225.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Surinder Thind</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$237.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$252.00</td>
</tr>
<tr>
<td>Harry Read</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Neutral</td>
<td>$195.00</td>
<td>-</td>
</tr>
<tr>
<td>Sean Kennedy</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$258.00</td>
<td>$345.00</td>
</tr>
<tr>
<td>Ramsey El-Assal</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$200.00</td>
<td>$265.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to EPAM Sys. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of EPAM Sys compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of EPAM Sys's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into EPAM Sys's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/EPAM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on EPAM Sys analyst ratings.</a>
<h2>About EPAM Sys</h2>
EPAM Systems is a global IT services firm that offers platform engineering, software development, and consulting services. EPAM's largest market is North America, which represents approximately 60% of revenues. Offerings span assisting companies with new technologies, such as artificial intelligence, virtual reality, and robotics.
<h3>Understanding the Numbers: EPAM Sys's Finances</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, EPAM Sys faced challenges, resulting in a decline of approximately -3.76% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.97%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.35%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): EPAM Sys's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.66%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.05, EPAM Sys adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From EPAM Sys Analyst Ratings: What You Need To Know

Susquehanna analyst James Friedman maintains EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Positive and lowers the price target from $260 to $240.

Susquehanna Maintains Positive on EPAM Sys, Lowers Price Target to $240

Piper Sandler analyst Arvind Ramnani maintains EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Overweight and lowers the price target from $230 to $225.

Piper Sandler Maintains Overweight on EPAM Sys, Lowers Price Target to $225

EPAM Systems shares are trading lower. The company reported Q2 financial results.

EPAM Systems, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) reported&nbsp;fiscal second-quarter 2024 sales declined 2.0%&nbsp;year over year&nbsp;to $1.15&nbsp;billion, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40245417/epam-reports-results-for-second-quarter-2024-and-updates-full-year-outlook" rel="noreferrer noopener">analyst consensus&nbsp;estimate of $1.14 billion</a>.
Adjusted EPS of $2.45 beat the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $2.26</a>.
Operating margin decreased to 10.5% from 12.3% in the year-ago period,&nbsp;primarily driven&nbsp;by increased compensation costs, including stock-based compensation expense as a percentage of revenues.&nbsp;
Adjusted income from operations&nbsp;declined&nbsp;by 8.5% Y/Y, indicating operational challenges.
Cash and equivalents totaled&nbsp;$1.79 billion&nbsp;as of&nbsp;June-end, a decrease of&nbsp;12.3% from&nbsp;$2.04 billion&nbsp;as of&nbsp;December-end. The company's long-term debt totaled $25.5 million.
Buyback: On&nbsp;August 1, 2024, the Board approved a new share repurchase program of up to&nbsp;$500 million.
Arkadiy Dobkin, CEO: "We are continuously improving our geographic delivery footprint, while simultaneously strengthening our transformational capabilities, including our GenAI-relevant expertise and assets, and preparing ourselves to be our clients' partner of choice once the demand environment improves."
Outlook: EPAM Systems lowered its fiscal 2024 revenue outlook to $4.590 billion—$4.625 billion (<a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/38759131/whats-going-on-with-epam-systems-stock-friday" rel="noreferrer noopener">prior $4.575 billion—$4.675 billion</a>) versus the consensus of $4.620 billion. The company also revised the fiscal 2024 outlook for adjusted EPS to&nbsp;$10.20-$10.40 (prior $10.00-$10.30) versus the consensus of $10.09.
EPAM Systems expects third-quarter revenue of $1.145 billion-$1.155 billion versus consensus of $1.160 billion and adjusted EPS of $2.65-$2.73 versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $2.69</a>.
EPAM Systems stock lost 15% in the last 12 months.
Price Action: EPAM shares are trading higher by 0.40% to $209.00 premarket at last check Thursday.&nbsp;

Earnings

Guidance

EPAM Systems Q2 Earnings: Revenue And EPS Beat, Cuts Annual Revenue Outlook, CEO Highlights GenAI Expertise

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EPAM Board Authorizes $500M Buyback Program

EPAM Sees FY24 Revenue $4.59B-$4.625B Vs $4.62B Estimate; Sees Adj. EPS $10.20-$10.40 Vs $10.09 Estimate

EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) reported quarterly earnings of $2.45 per share which beat the analyst consensus estimate of $2.26 by 8.41 percent. The company reported quarterly sales of $1.15 billion which beat the analyst consensus estimate of $1.14 billion by 0.60 percent. This is a 1.97 percent decrease over sales of $1.17 billion the same period last year.

Earnings Beats

EPAM Sys Q2 2024 Adj EPS $2.45 Beats $2.26 Estimate, Sales $1.15B Beat $1.14B Estimate

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