Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Target Price at $267.33

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $267.33.

Several brokerages have recently weighed in on EPAM. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Jefferies Financial Group dropped their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Barclays lowered their target price on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th.

EPAM Systems Trading Up 1.2 %

NYSE:EPAM opened at $182.28 on Friday. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $301.60. The company has a market cap of $10.37 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The company has a 50 day simple moving average of $231.08 and a two-hundred day simple moving average of $222.49.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Research analysts forecast that EPAM Systems will post 8.9 earnings per share for the current year.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EPAM. EverSource Wealth Advisors LLC increased its stake in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 125 shares during the period. TD Private Client Wealth LLC increased its stake in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after acquiring an additional 69 shares during the period. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the fourth quarter worth $35,000. Finally, Farther Finance Advisors LLC increased its stake in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.