Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Price Target at $258.32

EPAM Systems, Inc. (NYSE:EPAM) has been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $258.32.

A number of analysts have recently issued reports on EPAM shares. Barclays boosted their target price on EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. The Goldman Sachs Group started coverage on shares of EPAM Systems in a research note on Monday, June 24th. They issued a “neutral” rating and a $200.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Susquehanna cut their price objective on EPAM Systems from $260.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, August 9th.

EPAM Systems Stock Down 0.5 %

EPAM stock opened at $198.53 on Tuesday. The company has a 50 day moving average price of $198.90 and a two-hundred day moving average price of $205.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. The stock has a market capitalization of $11.51 billion, a P/E ratio of 27.16, a PEG ratio of 4.26 and a beta of 1.45. EPAM Systems has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.19. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $2.21 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that EPAM Systems will post 8.08 EPS for the current year.

EPAM Systems announced that its board has authorized a stock repurchase program on Thursday, August 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On EPAM Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC increased its position in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 150 shares during the period. Riverview Trust Co acquired a new stake in EPAM Systems in the 1st quarter valued at about $29,000. Opal Wealth Advisors LLC bought a new position in shares of EPAM Systems during the 2nd quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in EPAM Systems during the first quarter valued at approximately $64,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.