EPAM Systems (NYSE:EPAM) Price Target Raised to $270.00

EPAM Systems (NYSE:EPAM - Free Report) had its target price boosted by Susquehanna from $240.00 to $270.00 in a research note published on Friday,Benzinga reports. Susquehanna currently has a positive rating on the information technology services provider's stock.

A number of other brokerages have also issued reports on EPAM. JPMorgan Chase & Co. raised their price target on EPAM Systems from $222.00 to $262.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Citigroup boosted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday. Barclays boosted their price objective on shares of EPAM Systems from $200.00 to $225.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC increased their target price on EPAM Systems from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $261.50.

EPAM Systems Trading Up 0.2 %

Shares of NYSE EPAM traded up $0.53 during midday trading on Friday, reaching $233.45. 773,860 shares of the stock were exchanged, compared to its average volume of 620,907. The stock has a 50 day moving average price of $198.28 and a 200-day moving average price of $198.37. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $13.29 billion, a P/E ratio of 33.45, a P/E/G ratio of 4.16 and a beta of 1.46. EPAM Systems has a 52-week low of $169.43 and a 52-week high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.26 by $0.19. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company earned $2.21 EPS. EPAM Systems's revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts expect that EPAM Systems will post 8.08 earnings per share for the current fiscal year.

EPAM Systems announced that its board has authorized a stock buyback program on Thursday, August 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the information technology services provider to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Institutional Trading of EPAM Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC raised its position in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 150 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of EPAM Systems during the second quarter worth $29,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of EPAM Systems by 181.8% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after buying an additional 100 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings 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 valued at $42,000 after buying an additional 106 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems during the 3rd quarter valued at about $44,000. 91.58% of the stock is owned by institutional investors.

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.