EPAM Systems, Inc. (NYSE:EPAM) Receives Average Recommendation of “Moderate Buy” from Analysts

EPAM Systems, Inc. (NYSE:EPAM) has been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $262.47.

EPAM has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded 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 report on Friday, December 6th. StockNews.com downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Scotiabank dropped their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, February 24th. Morgan Stanley increased their price objective on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group dropped their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st.

EPAM Systems Price Performance

EPAM stock opened at $182.86 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm has a market capitalization of $10.40 billion, a P/E ratio of 23.32, a P/E/G ratio of 3.38 and a beta of 1.61. The business’s 50-day moving average is $229.28 and its two-hundred day moving average is $222.26. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $296.20.

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

Insider Buying and Selling at EPAM Systems

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

Institutional Trading of EPAM Systems

Several hedge funds have recently modified their holdings of EPAM. EverSource Wealth Advisors LLC lifted its holdings in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 125 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 69 shares during the period. Versant Capital Management Inc acquired a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $35,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 106 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

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.