Epam Systems Inc. (EPAM) Receives Average Recommendation of “Buy” from Analysts
Epam Systems Inc. (NYSE:EPAM) has received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $79.90.
Several equities research analysts have recently issued reports on EPAM shares. Zacks Investment Research lowered shares of Epam Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 12th. Wedbush started coverage on shares of Epam Systems in a research report on Thursday, September 8th. They issued an “outperform” rating and a $82.00 price objective for the company. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price objective on shares of Epam Systems in a research report on Monday, September 12th. Needham & Company LLC decreased their target price on shares of Epam Systems from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Finally, Monness Crespi & Hardt upgraded shares of Epam Systems from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, October 20th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. increased its position in Epam Systems by 1.3% in the first quarter. Prudential Financial Inc. now owns 4,770 shares of the company’s stock worth $356,000 after buying an additional 60 shares during the last quarter. Geode Capital Management LLC increased its position in Epam Systems by 3.1% in the first quarter. Geode Capital Management LLC now owns 278,987 shares of the company’s stock worth $20,831,000 after buying an additional 8,374 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in Epam Systems during the first quarter worth about $516,000. Barclays PLC increased its position in Epam Systems by 30.7% in the first quarter. Barclays PLC now owns 10,000 shares of the company’s stock worth $740,000 after buying an additional 2,347 shares during the last quarter. Finally, Origin Asset Management LLP increased its position in Epam Systems by 18.3% in the first quarter. Origin Asset Management LLP now owns 130,958 shares of the company’s stock worth $9,779,000 after buying an additional 20,212 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.
Shares of Epam Systems (NYSE:EPAM) traded down 1.36% during midday trading on Friday, reaching $66.62. 142,046 shares of the company traded hands. The company has a 50 day moving average of $64.35 and a 200 day moving average of $68.02. Epam Systems has a 12 month low of $54.53 and a 12 month high of $84.41. The firm has a market capitalization of $3.40 billion, a P/E ratio of 34.73 and a beta of 1.26.
Epam Systems (NYSE:EPAM) last released its quarterly earnings data on Monday, November 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.01. Epam Systems had a net margin of 9.23% and a return on equity of 12.66%. The company earned $298.30 million during the quarter, compared to analyst estimates of $296.12 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The business’s quarterly revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts predict that Epam Systems will post $2.87 earnings per share for the current fiscal year.
About Epam Systems
EPAM Systems, Inc (EPAM) is a provider of software engineering solutions and information technology services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services.
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