Berenberg Bank set a $95.00 price target on EPAM Systems, Inc. (NYSE:EPAM) in a research report report published on Sunday, August 6th. The brokerage currently has a buy rating on the information technology services provider’s stock.

Other equities research analysts have also issued research reports about the company. Monness Crespi & Hardt increased their target price on EPAM Systems from $82.00 to $91.00 and gave the company a buy rating in a research note on Wednesday, May 10th. UBS AG increased their target price on EPAM Systems from $89.00 to $96.00 and gave the company a buy rating in a research note on Friday, August 4th. BidaskClub lowered EPAM Systems from a buy rating to a hold rating in a research note on Monday, July 31st. Wedbush raised their price objective on EPAM Systems from $82.00 to $90.00 and gave the company an outperform rating in a research note on Monday, May 15th. Finally, Barclays PLC raised their price objective on EPAM Systems from $80.00 to $84.00 and gave the company an overweight rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $90.60.

EPAM Systems (NYSE EPAM) traded up 1.00% during trading on Friday, reaching $80.75. The company’s stock had a trading volume of 267,467 shares. The company has a market capitalization of $4.24 billion, a P/E ratio of 38.99 and a beta of 0.99. The company’s 50-day moving average is $83.78 and its 200-day moving average is $78.39. EPAM Systems has a 1-year low of $54.53 and a 1-year high of $87.93.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business had revenue of $348.98 million during the quarter, compared to analyst estimates of $342 million. During the same quarter last year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. Equities analysts anticipate that EPAM Systems will post $3.32 EPS for the current year.

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In related news, SVP Balazs Fejes sold 34,234 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $84.76, for a total value of $2,901,673.84. Following the sale, the senior vice president now owns 48,467 shares of the company’s stock, valued at approximately $4,108,062.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Arkadiy Dobkin sold 25,100 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $80.49, for a total value of $2,020,299.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,389 shares of company stock valued at $7,153,584. Insiders own 6.17% of the company’s stock.

Several hedge funds have recently made changes to their positions in EPAM. Janney Montgomery Scott LLC increased its stake in shares of EPAM Systems by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,006 shares of the information technology services provider’s stock valued at $982,000 after buying an additional 541 shares during the period. Glen Harbor Capital Management LLC increased its stake in shares of EPAM Systems by 19.0% in the first quarter. Glen Harbor Capital Management LLC now owns 57,092 shares of the information technology services provider’s stock valued at $4,312,000 after buying an additional 9,100 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in shares of EPAM Systems during the first quarter valued at about $204,000. Rice Hall James & Associates LLC increased its stake in shares of EPAM Systems by 18.9% in the first quarter. Rice Hall James & Associates LLC now owns 251,706 shares of the information technology services provider’s stock valued at $19,009,000 after buying an additional 40,004 shares during the period. Finally, Capital Impact Advisors LLC increased its stake in shares of EPAM Systems by 161.6% in the first quarter. Capital Impact Advisors LLC now owns 29,409 shares of the information technology services provider’s stock valued at $2,221,000 after buying an additional 18,167 shares during the period. 95.28% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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