EPAM Systems, Inc. (NYSE:EPAM) Receives $419.00 Consensus Target Price from Analysts

Shares of EPAM Systems, Inc. (NYSE:EPAMGet Rating) have been assigned an average recommendation of “Buy” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $419.00.

EPAM has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective on EPAM Systems from $630.00 to $385.00 and set a “buy” rating for the company in a report on Tuesday, March 1st. Needham & Company LLC decreased their price objective on EPAM Systems from $650.00 to $285.00 and set a “buy” rating for the company in a report on Friday, March 11th. Morgan Stanley raised their price objective on EPAM Systems from $450.00 to $465.00 in a report on Friday, May 6th. StockNews.com initiated coverage on EPAM Systems in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Susquehanna upgraded EPAM Systems from a “neutral” rating to a “positive” rating and decreased their price objective for the company from $490.00 to $370.00 in a report on Monday, May 16th.

EPAM opened at $314.66 on Tuesday. The business’s 50-day moving average price is $296.31 and its two-hundred day moving average price is $441.79. EPAM Systems has a 1 year low of $168.59 and a 1 year high of $725.40. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 2.48 and a beta of 1.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 3.32.

EPAM Systems (NYSE:EPAMGet Rating) last released its quarterly earnings results on Thursday, May 5th. The information technology services provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.62. EPAM Systems had a return on equity of 21.92% and a net margin of 11.14%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $1.63 EPS. The company’s revenue for the quarter was up 50.1% on a year-over-year basis. Sell-side analysts anticipate that EPAM Systems will post 7.68 earnings per share for the current fiscal year.

In other news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $325.00, for a total value of $325,000.00. Following the completion of the sale, the chief financial officer now directly owns 12,162 shares in the company, valued at $3,952,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.80% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC grew its stake in shares of 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 worth $25,000 after purchasing an additional 70 shares during the last quarter. Riverview Trust Co bought a new stake in EPAM Systems during the first quarter valued at $31,000. HM Payson & Co. bought a new stake in EPAM Systems during the fourth quarter valued at $35,000. UMB Bank N A MO bought a new stake in EPAM Systems during the fourth quarter valued at $40,000. Finally, Covestor Ltd bought a new stake in EPAM Systems during the fourth quarter valued at $43,000. 95.24% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile (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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Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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