EPAM Systems (NYSE:EPAM) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of EPAM Systems (NYSE:EPAM – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the information technology services provider’s stock.

EPAM has been the topic of several other reports. Piper Sandler reaffirmed an “overweight” rating and set a $391.00 price target on shares of EPAM Systems in a research report on Tuesday, February 28th. Wolfe Research downgraded shares of EPAM Systems from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 5th. Morgan Stanley reduced their price target on shares of EPAM Systems from $410.00 to $400.00 and set an “overweight” rating on the stock in a research note on Friday, February 17th. JPMorgan Chase & Co. raised their price target on shares of EPAM Systems from $365.00 to $405.00 in a research note on Thursday, December 15th. Finally, Needham & Company LLC raised their price objective on shares of EPAM Systems from $400.00 to $415.00 and gave the company a “buy” rating in a report on Friday, February 17th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $402.14.

EPAM Systems Stock Down 3.2 %

EPAM Systems stock opened at $276.27 on Thursday. The stock has a market capitalization of $15.94 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.89 and a beta of 1.57. EPAM Systems has a twelve month low of $232.30 and a twelve month high of $462.99. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $333.02 and a 200-day moving average of $347.96.

Hedge Funds Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. CI Investments Inc. boosted its position in shares of EPAM Systems by 900.0% during the third quarter. CI Investments Inc. now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 63 shares during the last quarter. Ronald Blue Trust Inc. increased its stake in EPAM Systems by 133.3% in the 4th quarter. Ronald Blue Trust Inc. now owns 77 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 44 shares during the last quarter. Semmax Financial Advisors Inc. increased its stake in EPAM Systems by 84.3% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 94 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in EPAM Systems by 78.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 98 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 43 shares during the last quarter. Finally, Financial Freedom LLC bought a new stake in EPAM Systems in the 4th quarter worth approximately $34,000. Institutional investors own 92.29% of the company’s stock.

About EPAM Systems

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EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.