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

Shares of EPAM Systems, Inc. (NYSE:EPAMGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $276.35.

Several analysts recently weighed in on the company. TD Cowen reduced their price objective on EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. HSBC cut their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Citigroup decreased their price target on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Wedbush reiterated an “outperform” rating and set a $340.00 price target on shares of EPAM Systems in a report on Wednesday, April 10th. Finally, Redburn Atlantic started coverage on EPAM Systems in a research report on Friday, May 24th. They issued a “neutral” rating and a $195.00 price target on the stock.

View Our Latest Analysis on EPAM Systems

EPAM Systems Stock Performance

EPAM opened at $170.43 on Wednesday. The firm has a market cap of $9.88 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 4.11 and a beta of 1.42. EPAM Systems has a 52-week low of $169.43 and a 52-week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.68. The business’s fifty day moving average is $208.84 and its 200-day moving average is $261.73.

EPAM Systems (NYSE:EPAMGet Free Report) last released its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. Sell-side analysts expect that EPAM Systems will post 7.81 EPS for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

A number of large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its holdings in EPAM Systems by 1.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,473 shares of the information technology services provider’s stock worth $2,859,000 after purchasing an additional 195 shares during the period. EULAV Asset Management grew its holdings in EPAM Systems by 6.0% in the first quarter. EULAV Asset Management now owns 79,660 shares of the information technology services provider’s stock worth $21,999,000 after purchasing an additional 4,500 shares during the period. Virtu Financial LLC acquired a new stake in EPAM Systems in the first quarter worth $1,252,000. Comerica Bank grew its holdings in EPAM Systems by 3.1% in the first quarter. Comerica Bank now owns 9,593 shares of the information technology services provider’s stock worth $2,649,000 after purchasing an additional 286 shares during the period. Finally, Tidal Investments LLC grew its holdings in EPAM Systems by 17.2% in the first quarter. Tidal Investments LLC now owns 3,167 shares of the information technology services provider’s stock worth $875,000 after purchasing an additional 464 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Company Profile

(Get Free Report

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.

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Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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