EPAM Systems, Inc. (NYSE:EPAM – Get Free Report) gapped up prior to trading on Thursday after Susquehanna raised their price target on the stock from $240.00 to $270.00. The stock had previously closed at $202.69, but opened at $230.61. Susquehanna currently has a positive rating on the stock. EPAM Systems shares last traded at $234.19, with a volume of 251,914 shares changing hands.
A number of other research analysts have also issued reports on EPAM. Needham & Company LLC lifted their target price on EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a report on Friday. Barclays boosted their price objective on shares of EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. Piper Sandler upped their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, August 22nd. They set a “hold” rating and a $204.00 price target on the stock. Finally, Jefferies Financial Group increased their price objective on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $261.50.
Check Out Our Latest Stock Report on EPAM Systems
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EPAM Systems Stock Performance
The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $13.29 billion, a PE ratio of 30.32, a PEG ratio of 4.16 and a beta of 1.46. The firm’s fifty day moving average price is $198.94 and its 200 day moving average price is $198.28.
EPAM Systems (NYSE:EPAM – Get Free Report) last issued its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.19. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.21 EPS. On average, research analysts anticipate that EPAM Systems, Inc. will post 8.08 earnings per share for the current year.
EPAM Systems announced that its board has initiated a share buyback plan on Thursday, August 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
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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