EPAM Systems, Inc. (NYSE:EPAM) Receives $269.83 Average PT from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $269.83.

A number of equities analysts recently commented on the company. Citigroup lifted their price objective on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Susquehanna lifted their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $245.00 to $275.00 in a research note on Monday, November 11th. StockNews.com lowered EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Piper Sandler lifted their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $208.98 on Monday. The business’s 50-day moving average price is $243.56 and its 200-day moving average price is $222.23. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $317.50. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 3.88 and a beta of 1.51. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.68% and a return on equity of 14.92%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Equities research analysts forecast that EPAM Systems will post 8.59 EPS for the current year.

Insider Activity

In other news, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the sale, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. The trade was a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of EPAM Systems 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 transaction, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,300 shares of company stock worth $2,129,924 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. GTS Securities LLC boosted its position in shares of EPAM Systems by 106.5% during the fourth quarter. GTS Securities LLC now owns 864 shares of the information technology services provider’s stock valued at $202,000 after buying an additional 14,055 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of EPAM Systems by 53.8% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 282,360 shares of the information technology services provider’s stock valued at $66,021,000 after buying an additional 98,731 shares during the last quarter. PharVision Advisers LLC purchased a new position in shares of EPAM Systems during the fourth quarter valued at approximately $342,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of EPAM Systems by 17.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 347,067 shares of the information technology services provider’s stock valued at $81,151,000 after buying an additional 51,410 shares during the last quarter. Finally, USS Investment Management Ltd purchased a new position in shares of EPAM Systems during the fourth quarter valued at approximately $12,683,000. Hedge funds and other institutional investors 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.