EPAM Systems, Inc. (NYSE:EPAM – Free Report) – Stock analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for shares of EPAM Systems in a note issued to investors on Wednesday, January 8th. Scotiabank analyst D. Goyal now anticipates that the information technology services provider will post earnings per share of $8.60 for the year, up from their prior estimate of $8.15. Scotiabank has a “Sector Outperform” rating and a $275.00 price objective on the stock. The consensus estimate for EPAM Systems’ current full-year earnings is $8.58 per share. Scotiabank also issued estimates for EPAM Systems’ FY2025 earnings at $8.60 EPS.
Other research analysts also recently issued research reports about the company. Needham & Company LLC boosted their price target on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Finally, Citigroup upped their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.84.
EPAM Systems Stock Performance
Shares of EPAM stock opened at $225.89 on Monday. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $317.50. The stock has a market capitalization of $12.81 billion, a P/E ratio of 29.34, a PEG ratio of 3.74 and a beta of 1.50. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $237.68 and its 200 day moving average is $212.30.
Institutional Investors Weigh In On EPAM Systems
A number of institutional investors and hedge funds have recently modified their holdings of the company. Choreo LLC acquired a new position in shares of EPAM Systems in the second quarter valued at approximately $456,000. Royal London Asset Management Ltd. lifted its position in EPAM Systems by 1.1% during the second quarter. Royal London Asset Management Ltd. now owns 21,810 shares of the information technology services provider’s stock worth $4,103,000 after buying an additional 227 shares during the period. Daiwa Securities Group Inc. boosted its stake in EPAM Systems by 12.9% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,394 shares of the information technology services provider’s stock worth $1,203,000 after buying an additional 731 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of EPAM Systems by 7.6% during the 2nd quarter. American Century Companies Inc. now owns 13,982 shares of the information technology services provider’s stock worth $2,630,000 after acquiring an additional 987 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in EPAM Systems by 6.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 11,117 shares of the information technology services provider’s stock valued at $1,992,000 after purchasing an additional 644 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
Insiders Place Their Bets
In other EPAM Systems news, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,222 shares of company stock valued at $2,089,878. Insiders own 4.30% of the company’s stock.
About EPAM Systems
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.
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