EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus ‘Moderate Buy’ Rating from Analysts


EPAM Systems, Inc. (NYSE: EPAMGet a rating) has been assigned a consensus rating of “moderate buy” by the eighteen rating agencies that cover the company, Market assessments reports. One research analyst rated the stock with a hold rating and thirteen gave the company a buy rating. The average 1-year price target among brokerages that have reported on the stock in the past year is $470.00.

Several research firms have weighed in on EPAM. Barclays raised its price target on EPAM Systems shares from $410.00 to $485.00 and gave the stock an “overweight” rating in a Monday, August 8 research note. Needham & Company LLC raised its price target on EPAM Systems shares from $450.00 to $490.00 and gave the company a “buy” rating in a Friday, August 5 research note. Cowen raised his price target on shares of EPAM Systems from $400.00 to $440.00 in a Friday, August 5 research note. KeyCorp launched a hedge on the shares of EPAM Systems in a Monday, September 12 research note. They set an “overweight” rating and a price target of $510.00 for the company. Finally, Morgan Stanley raised its price target on EPAM Systems shares from $465.00 to $480.00 and gave the company an “overweight” rating in a Monday, Aug. 8 research note.

Storage of EPAM systems up 0.3%

Shares of NYSE: EPAM opened at $332.54 on Friday. EPAM Systems has a 52 week low of $168.59 and a 52 week high of $725.40. The company has a fifty-day moving average of $393.04 and a 200-day moving average of $344.14. The company has a market capitalization of $19.08 billion, a PE ratio of 53.72, a growth price-earnings ratio of 1.97 and a beta of 1.68. The company has a debt ratio of 0.01, a quick ratio of 3.45 and a current ratio of 3.45.

EPAM systems (NYSE: EPAMGet a rating) last announced its results on Thursday, August 4. The information technology services provider reported earnings per share (EPS) of $2.21 for the quarter, beating the consensus estimate of $1.35 by $0.86. EPAM Systems achieved a net margin of 8.21% and a return on equity of 21.72%. The company posted revenue of $1.19 billion in the quarter, compared to analysts’ estimates of $1.12 billion. In the same period a year earlier, the company had earned earnings per share of $1.90. The company’s quarterly revenue increased by 35.5% compared to the same quarter last year. As a group, research analysts expect EPAM Systems to post EPS of 8.57 for the current fiscal year.

Insiders place their bets

In other EPAM Systems news, VP Gary C. Abrahams sold 557 shares of the company in a trade dated Thursday, August 18. The shares were sold at an average price of $452.64, for a total value of $252,120.48. Following the sale, the vice president now owns 1,495 shares of the company, valued at $676,696.80. The sale was disclosed in a filing with the SEC, which is available via the SEC website. Separately, Vice Chairman Gary C. Abrahams sold 557 shares in a trade that took place on Thursday, August 18. The shares were sold at an average price of $452.64, for a total transaction of $252,120.48. Following the sale, the vice president now owns 1,495 shares of the company, valued at $676,696.80. The transaction was disclosed in an SEC filing, available at this link. Also, please Viktar Dvorkin sold 13,333 shares in a trade that took place on Monday, August 22. The shares were sold at an average price of $440.84, for a total transaction of $5,877,719.72. Following the sale, the senior vice president now owns 7,572 shares of the company, valued at approximately $3,338,040.48. Disclosure of this sale can be found here. During the last quarter, insiders sold 67,527 shares of the company worth $28,901,058. 4.10% of the shares are currently held by insiders of the company.

Institutional entries and exits

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Advisor Group Holdings Inc. increased its position in EPAM Systems by 7.2% in the first quarter. Advisor Group Holdings Inc. now owns 10,603 shares of the information technology service provider worth $3,018,000 after acquiring an additional 716 shares during the period. IFM Investors Pty Ltd increased its position in EPAM Systems by 13.0% in the second quarter. IFM Investors Pty Ltd now owns 9,704 shares of the information technology services provider worth $2,861,000 after acquiring an additional 1,117 shares during the period. FourThought Financial LLC increased its position in EPAM Systems shares by 6.4% during the first quarter. FourThought Financial LLC now owns 954 shares of the information technology service provider valued at $283,000 after purchasing an additional 57 shares during the period. Guardian Capital LP increased its position in shares of EPAM Systems by 188.1% during the 1st quarter. Guardian Capital LP now owns 2,446 shares of the information technology service provider valued at $726,000 after buying an additional 1,597 shares during the period. Finally, Crossmark Global Holdings Inc. increased its position in EPAM Systems shares by 12.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 3,121 shares of the information technology service provider valued at $920,000 after purchasing an additional 350 shares during the period. Institutional investors hold 90.90% of the company’s shares.

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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