EPAM Systems, Inc. (NYSE:EPAM) Receives an Average “Buy” Recommendation from Analysts


Shares of EPAM Systems, Inc. (NYSE:EPAM – Get a rating) received an average “Buy” rating from the seventeen analysts who currently cover the company, Marketbeat.com reports. One equity research analyst rated the stock with a hold recommendation and eleven issued a buy recommendation on the company. The 12-month average price target among brokerages that have updated their coverage on the stock over the past year is $431.38.

EPAM has been the subject of a number of recent analyst reports. Bank of America has upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised its price target for the stock from $312.00 to $400.00 in a research report Friday, May 6. Wedbush raised its price target on EPAM Systems shares from $380.00 to $400.00 and gave the stock an “outperform” rating in a Monday, June 6 research report. StockNews.com alleged coverage of EPAM Systems stock in a Thursday, March 31 research report. They set a “hold” rating for the company. Piper Sandler upgraded shares of EPAM Systems from a “neutral” rating to an “overweight” rating and lowered its target price for the stock from $359.00 to $348.00 in a Monday research report May 2. Finally, Stifel Nicolaus lowered his price target on EPAM Systems shares from $630.00 to $385.00 and set a “buy” rating for the company in a research report on Tuesday, March 1.

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EPAM opened at $295.68 on Friday. The company has a market capitalization of $16.90 billion, a P/E ratio of 37.86, a PEG ratio of 2.31 and a beta of 1.76. EPAM Systems has a 1-year low of $168.59 and a 1-year high of $725.40. The company has a 50-day simple moving average of $306.80 and a two-hundred-day simple moving average of $400.51. The company has a debt ratio of 0.01, a current ratio of 3.32 and a quick ratio of 3.32.

EPAM systems (NYSE: EPAM – Get a rating) last released its quarterly results on Thursday, May 5. The information technology service provider reported earnings per share of $2.39 for the quarter, beating analysts’ consensus estimate of $1.57 by $0.82. The company posted revenue of $1.17 billion in the quarter, versus analyst estimates of $1.06 billion. EPAM Systems achieved a net margin of 11.14% and a return on equity of 21.92%. The company’s revenue increased 50.1% year over year. In the same period a year earlier, the company posted earnings per share of $1.63. Equity analysts expect EPAM Systems to post earnings per share of 7.3 for the current year.

In other news, CFO Jason D. Peterson sold 400 shares in a trade on Friday, May 20. The shares were sold at an average price of $335.00, for a total value of $134,000.00. Following the sale, the CFO now owns 11,762 shares of the company, valued at $3,940,270. The sale was disclosed in a legal filing with the SEC, available at this hyperlink. Also, CMO Elaina Shekhter sold 100 shares in a trade on Tuesday, June 7. The shares were sold at an average price of $347.10, for a total transaction of $34,710.00. Following the completion of the sale, the marketing director now directly owns 7,671 shares of the company, valued at approximately $2,662,604.10. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 1,500 shares of the company worth $493,710. 4.10% of the shares are held by insiders.

Several institutional investors and hedge funds have recently changed their positions in EPAM. Brasada Capital Management LP increased its stake in EPAM Systems by 2.0% in the 1st quarter. Brasada Capital Management LP now owns 39,272 shares of the information technology service provider worth $11,648,000 after purchasing an additional 769 shares during the period. American Trust bought a new position in EPAM Systems in Q1 for a value of approximately $428,000. Neuberger Berman Group LLC increased its stake in EPAM Systems by 9.1% in the 1st quarter. Neuberger Berman Group LLC now owns 171,872 shares of the information technology service provider worth $50,976,000 after purchasing an additional 14,360 shares during the period. Toroso Investments LLC increased its stake in EPAM Systems by 66.3% in the 1st quarter. Toroso Investments LLC now owns 1,588 shares of the information technology service provider worth $471,000 after purchasing an additional 633 shares during the period. Finally, Capital World Investors increased its stake in EPAM Systems by 2.2% in the 1st quarter. Capital World Investors now owns 1,764,856 shares of the information technology service provider worth $523,474,000 after purchasing an additional 38,642 shares during the period. 95.24% of the shares are currently held by institutional investors and hedge funds.

About EPAM Systems (Get a rating)

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 developing, testing, and maintaining software with private, public, and mobile infrastructure for managing applications, databases, networks, servers, storage, and system operations , as well as monitoring, incident notification and resolution services; and maintenance and support services.

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Analyst Recommendations for EPAM Systems (NYSE: EPAM)

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