EPAM Systems, Inc. (NYSE:EPAM) Receives Average Rating of "Moderate Buy" from Analysts

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $251.80.

Several research analysts have commented on EPAM shares. Barclays reduced their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Needham & Company LLC restated a "buy" rating and set a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Scotiabank lowered their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, February 24th. Jefferies Financial Group dropped their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday.

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EPAM Systems Trading Up 0.9 %

Shares of NYSE EPAM traded up $1.25 during mid-day trading on Tuesday, reaching $147.54. The company had a trading volume of 465,049 shares, compared to its average volume of 692,951. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The business's 50-day moving average is $198.41 and its 200-day moving average is $216.64. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 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 the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Equities analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at $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 is available through this hyperlink. Insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On EPAM Systems

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in 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 worth $27,000 after acquiring an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in EPAM Systems by 2,500.0% in the fourth 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 last quarter. Sentry Investment Management LLC purchased a new position in EPAM Systems during the 1st quarter worth approximately $33,000. TD Private Client Wealth LLC boosted 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 acquiring an additional 69 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of EPAM Systems during the fourth quarter worth $35,000. 91.58% of the stock is currently 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.