EPAM Systems, Inc. (NYSE:EPAM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of EPAM Systems, Inc. (NYSE:EPAM) have received a consensus rating of “Moderate Buy” from the eighteen research firms that are covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $262.47.

EPAM has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Barclays reduced their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Morgan Stanley upped their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group upgraded EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th.

EPAM Systems Stock Down 4.8 %

EPAM stock opened at $172.26 on Friday. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $288.13. The business’s 50-day moving average is $227.19 and its two-hundred day moving average is $221.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 3.38 and a beta of 1.61.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, analysts forecast that EPAM Systems will post 8.9 earnings per share for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On EPAM Systems

Several institutional investors have recently added to or reduced their stakes in the company. Aurora Investment Counsel grew its holdings in EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock valued at $1,427,000 after buying an additional 45 shares in the last quarter. Metis Global Partners LLC lifted its stake in shares of EPAM Systems by 2.5% in the 3rd quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock valued at $404,000 after purchasing an additional 50 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock valued at $3,655,000 after purchasing an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of EPAM Systems by 21.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Company Profile

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.