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

Shares of EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nineteen analysts that are presently covering the company, 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 target among analysts that have updated their coverage on the stock in the last year is $267.33.

A number of analysts have recently issued reports on EPAM shares. Jefferies Financial Group reduced their target price 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 lowered their target price on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. The Goldman Sachs Group upgraded EPAM Systems from a "neutral" rating to a "buy" rating and lifted their price target for the company from $235.00 to $295.00 in a report on Friday, December 6th. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Scotiabank cut their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, February 24th.

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Insider Transactions at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in EPAM Systems by 2,500.0% during 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 buying an additional 125 shares during the period. TD Private Client Wealth LLC grew its stake in shares of EPAM Systems by 88.5% in the fourth 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 in the last quarter. Versant Capital Management Inc bought a new position in EPAM Systems during the fourth quarter worth about $35,000. Finally, Manchester Capital Management LLC increased its position in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Trading Up 2.0 %

EPAM traded up $3.61 during trading on Friday, reaching $186.34. The company had a trading volume of 620,421 shares, compared to its average volume of 647,258. The firm's 50-day simple moving average is $231.08 and its 200 day simple moving average is $222.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.38 and a beta of 1.61. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $301.60.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. Equities research analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

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.