EPAM Systems (NYSE:EPAM) Price Target Increased to $465.00 by Analysts at Morgan Stanley

EPAM Systems (NYSE:EPAM – Get Rating) had its price objective boosted by equities researchers at Morgan Stanley from $450.00 to $465.00 in a research report issued to clients and investors on Friday, The Fly reports. Morgan Stanley’s price target indicates a potential upside of 34.29% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Citigroup boosted their target price on EPAM Systems from $325.00 to $380.00 in a report on Wednesday, April 20th. Needham & Company LLC cut their price target on EPAM Systems from $650.00 to $285.00 and set a “buy” rating for the company in a report on Friday, March 11th. Zacks Investment Research lowered EPAM Systems from a “hold” rating to a “strong sell” rating and set a $239.00 price target for the company. in a report on Tuesday, April 19th. Piper Sandler upgraded EPAM Systems from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $359.00 to $348.00 in a report on Monday. Finally, Barclays cut their price target on EPAM Systems from $770.00 to $555.00 in a report on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $435.17.

NYSE:EPAM traded up $0.27 on Friday, hitting $346.27. 6,577 shares of the company’s stock traded hands, compared to its average volume of 668,319. The company has a market cap of $19.73 billion, a PE ratio of 42.29, a price-to-earnings-growth ratio of 7.77 and a beta of 1.78. The firm has a 50-day moving average price of $269.84 and a 200-day moving average price of $473.84. EPAM Systems has a 1 year low of $168.59 and a 1 year high of $725.40. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The information technology services provider reported $2.49 EPS for the quarter, beating the consensus estimate of $1.87 by $0.62. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.06 billion. EPAM Systems had a return on equity of 21.10% and a net margin of 12.82%. The firm’s quarterly revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.63 EPS. On average, research analysts forecast that EPAM Systems will post 7.11 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. FinTrust Capital Advisors LLC boosted its holdings in EPAM Systems by 466.7% in the first quarter. FinTrust Capital Advisors LLC now owns 85 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 70 shares during the last quarter. Riverview Trust Co bought a new position in EPAM Systems in the first quarter valued at about $31,000. HM Payson & Co. acquired a new position in EPAM Systems in the fourth quarter valued at about $35,000. UMB Bank N A MO acquired a new position in EPAM Systems in the fourth quarter valued at about $40,000. Finally, Covestor Ltd acquired a new position in EPAM Systems in the fourth quarter valued at about $43,000. Institutional investors own 95.24% of the company’s stock.

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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