EPAM Systems (NYSE:EPAM) Rating Increased to Overweight at Piper Sandler

EPAM Systems (NYSE:EPAMGet Rating) was upgraded by equities researchers at Piper Sandler from a “neutral” rating to an “overweight” rating in a note issued to investors on Monday, The Fly reports.

Several other brokerages have also weighed in on EPAM. Barclays decreased their target price on shares of EPAM Systems from $770.00 to $555.00 in a research report on Tuesday, February 22nd. Cowen decreased their target price on shares of EPAM Systems from $615.00 to $355.00 in a research report on Thursday, March 3rd. Needham & Company LLC decreased their target price on shares of EPAM Systems from $650.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. Citigroup lifted their target price on shares of EPAM Systems from $325.00 to $380.00 in a research report on Wednesday, April 20th. Finally, Zacks Investment Research lowered shares of EPAM Systems from a “hold” rating to a “strong sell” rating and set a $239.00 price target on the stock. in a research report on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $438.00.

NYSE EPAM opened at $264.99 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.97 and a quick ratio of 2.97. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 6.79 and a beta of 1.81. The company’s fifty day moving average is $277.17 and its two-hundred day moving average is $480.56. EPAM Systems has a 52-week low of $168.59 and a 52-week high of $725.40.

EPAM Systems (NYSE:EPAMGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The information technology services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.39. EPAM Systems had a net margin of 12.82% and a return on equity of 21.10%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business posted $1.59 EPS. The business’s quarterly revenue was up 53.0% on a year-over-year basis. As a group, sell-side analysts expect that EPAM Systems will post 7.25 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Congress Wealth Management LLC DE bought a new position in shares of EPAM Systems in the fourth quarter worth about $285,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of EPAM Systems by 12.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 10,965 shares of the information technology services provider’s stock worth $6,255,000 after buying an additional 1,200 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of EPAM Systems during the fourth quarter worth approximately $1,110,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of EPAM Systems by 8.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 194,550 shares of the information technology services provider’s stock worth $130,047,000 after buying an additional 15,144 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in shares of EPAM Systems by 38.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 20,904 shares of the information technology services provider’s stock worth $13,973,000 after buying an additional 5,859 shares during the last quarter. 95.24% of the stock is owned by institutional investors.

About EPAM Systems (Get 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 software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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