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

Shares of EPAM Systems, Inc. (NYSE:EPAMGet Rating) have received an average rating of “Buy” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $431.38.

EPAM has been the subject of a number of recent analyst reports. Bank of America upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and upped their price target for the stock from $312.00 to $400.00 in a research report on Friday, May 6th. Wedbush upped their target price on shares of EPAM Systems from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, June 6th. StockNews.com assumed coverage on shares of EPAM Systems in a research report on Thursday, March 31st. They set a “hold” rating for the company. Piper Sandler upgraded shares of EPAM Systems from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $359.00 to $348.00 in a research report on Monday, May 2nd. Finally, Stifel Nicolaus dropped their target price on shares of EPAM Systems from $630.00 to $385.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st.

EPAM opened at $295.68 on Friday. The firm has a market cap of $16.90 billion, a P/E ratio of 37.86, a PEG ratio of 2.31 and a beta of 1.76. EPAM Systems has a 1-year low of $168.59 and a 1-year high of $725.40. The company has a 50 day simple moving average of $306.80 and a two-hundred day simple moving average of $400.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 3.32.

EPAM Systems (NYSE:EPAMGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The information technology services provider reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.82. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.06 billion. EPAM Systems had a net margin of 11.14% and a return on equity of 21.92%. The company’s revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. Equities analysts anticipate that EPAM Systems will post 7.3 earnings per share for the current year.

In other news, CFO Jason D. Peterson sold 400 shares of the stock in a transaction on Friday, May 20th. The shares were sold at an average price of $335.00, for a total value of $134,000.00. Following the sale, the chief financial officer now owns 11,762 shares of the company’s stock, valued at $3,940,270. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Elaina Shekhter sold 100 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $347.10, for a total transaction of $34,710.00. Following the completion of the sale, the chief marketing officer now directly owns 7,671 shares in the company, valued at approximately $2,662,604.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,500 shares of company stock worth $493,710. 4.10% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in EPAM. Brasada Capital Management LP increased its stake in EPAM Systems by 2.0% in the 1st quarter. Brasada Capital Management LP now owns 39,272 shares of the information technology services provider’s stock worth $11,648,000 after buying an additional 769 shares during the period. American Trust purchased a new position in EPAM Systems in the 1st quarter worth about $428,000. Neuberger Berman Group LLC increased its stake in EPAM Systems by 9.1% in the 1st quarter. Neuberger Berman Group LLC now owns 171,872 shares of the information technology services provider’s stock worth $50,976,000 after buying an additional 14,360 shares during the period. Toroso Investments LLC increased its stake in EPAM Systems by 66.3% in the 1st quarter. Toroso Investments LLC now owns 1,588 shares of the information technology services provider’s stock worth $471,000 after buying an additional 633 shares during the period. Finally, Capital World Investors increased its stake in EPAM Systems by 2.2% in the 1st quarter. Capital World Investors now owns 1,764,856 shares of the information technology services provider’s stock worth $523,474,000 after buying an additional 38,642 shares during the period. 95.24% of the stock is currently owned by institutional investors and hedge funds.

About EPAM Systems (Get Rating)

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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