EPAM Systems, Inc. (NYSE:EPAM) Given Consensus Rating of “Moderate Buy” by Analysts
EPAM Systems, Inc. (NYSE:EPAM – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $470.00.
Several research firms have weighed in on EPAM. Barclays boosted their price target on shares of EPAM Systems from $410.00 to $485.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Needham & Company LLC upped their price objective on shares of EPAM Systems from $450.00 to $490.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Cowen upped their price objective on shares of EPAM Systems from $400.00 to $440.00 in a research note on Friday, August 5th. KeyCorp initiated coverage on shares of EPAM Systems in a research note on Monday, September 12th. They set an “overweight” rating and a $510.00 price objective for the company. Finally, Morgan Stanley upped their price objective on shares of EPAM Systems from $465.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 8th.
EPAM Systems Stock Up 0.3 %
Shares of NYSE:EPAM opened at $332.54 on Friday. EPAM Systems has a 52-week low of $168.59 and a 52-week high of $725.40. The firm has a fifty day moving average of $393.04 and a 200 day moving average of $344.14. The firm has a market capitalization of $19.08 billion, a PE ratio of 53.72, a price-to-earnings-growth ratio of 1.97 and a beta of 1.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.45.
EPAM Systems (NYSE:EPAM – Get Rating) last announced its earnings results on Thursday, August 4th. The information technology services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.86. EPAM Systems had a net margin of 8.21% and a return on equity of 21.72%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. As a group, research analysts anticipate that EPAM Systems will post 8.57 EPS for the current fiscal year.
Insiders Place Their Bets
In other EPAM Systems news, VP Gary C. Abrahams sold 557 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $452.64, for a total value of $252,120.48. Following the sale, the vice president now owns 1,495 shares in the company, valued at $676,696.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Gary C. Abrahams sold 557 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $452.64, for a total transaction of $252,120.48. Following the sale, the vice president now owns 1,495 shares in the company, valued at $676,696.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Viktar Dvorkin sold 13,333 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $440.84, for a total transaction of $5,877,719.72. Following the sale, the senior vice president now owns 7,572 shares in the company, valued at approximately $3,338,040.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,527 shares of company stock worth $28,901,058. 4.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its position in EPAM Systems by 7.2% in the first quarter. Advisor Group Holdings Inc. now owns 10,603 shares of the information technology services provider’s stock worth $3,018,000 after acquiring an additional 716 shares during the period. IFM Investors Pty Ltd raised its position in EPAM Systems by 13.0% in the second quarter. IFM Investors Pty Ltd now owns 9,704 shares of the information technology services provider’s stock worth $2,861,000 after acquiring an additional 1,117 shares during the period. FourThought Financial LLC raised its position in shares of EPAM Systems by 6.4% during the 1st quarter. FourThought Financial LLC now owns 954 shares of the information technology services provider’s stock valued at $283,000 after purchasing an additional 57 shares during the period. Guardian Capital LP raised its position in shares of EPAM Systems by 188.1% during the 1st quarter. Guardian Capital LP now owns 2,446 shares of the information technology services provider’s stock valued at $726,000 after purchasing an additional 1,597 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of EPAM Systems by 12.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,121 shares of the information technology services provider’s stock valued at $920,000 after purchasing an additional 350 shares during the period. Institutional investors own 90.90% 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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