EPAM Systems, Inc. (NYSE:EPAM) Receives $328.00 Average PT from Analysts

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $323.93.

Several research analysts recently issued reports on EPAM shares. Jefferies Financial Group reissued a “hold” rating and issued a $295.00 price target on shares of EPAM Systems in a research report on Thursday, January 11th. JPMorgan Chase & Co. increased their price target on shares of EPAM Systems from $315.00 to $334.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Scotiabank raised shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $265.00 to $350.00 in a research note on Friday, February 16th. Stifel Nicolaus upped their price objective on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $340.00 price objective on shares of EPAM Systems in a research note on Wednesday, April 10th.

Insider Activity

In related news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock valued at $5,101,117 over the last three months. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAM. Vontobel Holding Ltd. increased its stake in EPAM Systems by 1.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 4,003 shares of the information technology services provider’s stock valued at $1,024,000 after buying an additional 55 shares during the last quarter. CWM LLC increased its stake in EPAM Systems by 10.1% in the 3rd quarter. CWM LLC now owns 1,436 shares of the information technology services provider’s stock valued at $367,000 after buying an additional 132 shares during the last quarter. IFP Advisors Inc acquired a new stake in EPAM Systems in the 3rd quarter valued at $87,000. DnB Asset Management AS acquired a new stake in EPAM Systems in the 3rd quarter valued at $3,567,000. Finally, SG Americas Securities LLC increased its stake in EPAM Systems by 1,270.9% in the 3rd quarter. SG Americas Securities LLC now owns 13,846 shares of the information technology services provider’s stock valued at $3,540,000 after buying an additional 12,836 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.3 %

Shares of EPAM opened at $237.75 on Tuesday. The company has a 50-day simple moving average of $280.94 and a 200-day simple moving average of $273.37. The firm has a market capitalization of $13.79 billion, a P/E ratio of 33.63, a P/E/G ratio of 10.35 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems has a 52 week low of $197.99 and a 52 week high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $2.71 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts expect that EPAM Systems will post 7.72 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.