Berenberg Bank set a $95.00 price target on EPAM Systems, Inc. (NYSE:EPAM) in a report released on Sunday. The brokerage currently has a buy rating on the information technology services provider’s stock.

EPAM has been the subject of several other reports. Credit Suisse Group assumed coverage on EPAM Systems in a research report on Tuesday, July 4th. They issued an outperform rating and a $90.00 target price for the company. Zacks Investment Research downgraded EPAM Systems from a hold rating to a sell rating in a research report on Tuesday, April 18th. Barclays PLC reaffirmed an overweight rating and issued a $84.00 target price (up from $80.00) on shares of EPAM Systems in a research report on Friday, May 5th. Wedbush lifted their target price on EPAM Systems from $82.00 to $90.00 and gave the company an outperform rating in a research report on Monday, May 8th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $90.00 target price (up from $82.00) on shares of EPAM Systems in a research report on Friday, May 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $90.11.

EPAM Systems (NYSE EPAM) traded down 1.49% during mid-day trading on Friday, reaching $82.17. 180,905 shares of the company were exchanged. The stock’s 50-day moving average price is $84.28 and its 200-day moving average price is $77.14. EPAM Systems has a 1-year low of $54.53 and a 1-year high of $87.93. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 44.18 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. The firm had revenue of $348.98 million during the quarter, compared to the consensus estimate of $342 million. EPAM Systems had a return on equity of 15.74% and a net margin of 8.71%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. On average, equities research analysts anticipate that EPAM Systems will post $3.39 EPS for the current fiscal year.

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In other news, SVP Ginger Mosier sold 26,055 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $85.65, for a total transaction of $2,231,610.75. Following the completion of the transaction, the senior vice president now directly owns 12,733 shares of the company’s stock, valued at $1,090,581.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Elaina Shekhter sold 2,875 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $80.63, for a total value of $231,811.25. Following the transaction, the insider now directly owns 12,219 shares of the company’s stock, valued at $985,217.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,164 shares of company stock valued at $5,365,096. Corporate insiders own 6.17% of the company’s stock.

Several institutional investors have recently made changes to their positions in EPAM. Janney Montgomery Scott LLC increased its position in shares of EPAM Systems by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 13,006 shares of the information technology services provider’s stock worth $982,000 after buying an additional 541 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of EPAM Systems by 19.0% in the first quarter. Glen Harbor Capital Management LLC now owns 57,092 shares of the information technology services provider’s stock worth $4,312,000 after buying an additional 9,100 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in shares of EPAM Systems during the first quarter worth approximately $204,000. Rice Hall James & Associates LLC increased its position in shares of EPAM Systems by 18.9% in the first quarter. Rice Hall James & Associates LLC now owns 251,706 shares of the information technology services provider’s stock worth $19,009,000 after buying an additional 40,004 shares in the last quarter. Finally, Capital Impact Advisors LLC increased its position in shares of EPAM Systems by 161.6% in the first quarter. Capital Impact Advisors LLC now owns 29,409 shares of the information technology services provider’s stock worth $2,221,000 after buying an additional 18,167 shares in the last quarter. 97.46% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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