EPAM Systems, Inc. (NYSE:EPAM) Given Consensus Recommendation of "Moderate Buy" by Analysts

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $269.83.

EPAM has been the subject of a number of research reports. Jefferies Financial Group cut their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Barclays upgraded EPAM Systems from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Mizuho upped their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a report on Thursday.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares of the company's stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC raised its position in shares of 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 125 shares in the last quarter. TD Private Client Wealth LLC raised its position 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 worth $34,000 after acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of EPAM Systems in the 4th quarter worth approximately $35,000. Finally, Farther Finance Advisors LLC raised its position in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

EPAM Systems Price Performance

NYSE EPAM traded down $33.00 during trading on Monday, reaching $225.11. The company's stock had a trading volume of 2,293,323 shares, compared to its average volume of 570,558. The stock has a market capitalization of $12.77 billion, a PE ratio of 29.23, a P/E/G ratio of 3.92 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm has a fifty day moving average of $244.77 and a 200 day moving average of $222.16. EPAM Systems has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. Analysts expect that EPAM Systems will post 8.59 EPS for the current fiscal year.

EPAM Systems Company Profile

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.