EPAM Systems, Inc. (NYSE:EPAM) Receives $282.81 Average Price Target from Analysts

EPAM Systems, Inc. (NYSE:EPAM) has been given a consensus recommendation of “Hold” by the seventeen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $282.81.

EPAM has been the topic of a number of research reports. Wolfe Research lowered shares of EPAM Systems from an “outperform” rating to a “peer perform” rating in a research report on Friday, May 17th. TD Cowen reduced their price objective on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating for the company in a research note on Friday, May 10th. Wedbush reaffirmed an “outperform” rating and issued a $340.00 target price on shares of EPAM Systems in a research report on Wednesday, April 10th. Guggenheim started coverage on EPAM Systems in a research report on Tuesday, March 19th. They set a “buy” rating and a $350.00 price target for the company. Finally, Mizuho lowered their price target on EPAM Systems from $345.00 to $258.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $189.25 on Friday. The company has a fifty day moving average price of $247.15 and a 200 day moving average price of $271.54. EPAM Systems has a 1-year low of $180.28 and a 1-year high of $317.50. The firm has a market cap of $10.97 billion, a PE ratio of 25.89, a PEG ratio of 4.42 and a beta of 1.46. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. Research analysts predict that EPAM Systems will post 7.81 earnings per share for the current fiscal year.

Insider Transactions at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Lawrence F. Solomon sold 5,350 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,820 shares of company stock worth $5,101,117. Corporate insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in EPAM Systems during the fourth quarter valued at $184,713,000. Price T Rowe Associates Inc. MD boosted its position in shares of EPAM Systems by 372.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock valued at $141,627,000 after purchasing an additional 375,439 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in EPAM Systems during the fourth quarter worth approximately $663,080,000. TD Asset Management Inc increased its holdings in EPAM Systems by 317.4% in the fourth quarter. TD Asset Management Inc now owns 263,255 shares of the information technology services provider’s stock worth $78,276,000 after purchasing an additional 200,181 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in EPAM Systems by 265.7% in the third quarter. Royal Bank of Canada now owns 183,284 shares of the information technology services provider’s stock valued at $46,864,000 after buying an additional 133,163 shares during the period. 91.58% of the stock is currently owned by institutional investors.

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.