EPAM Systems, Inc. (NYSE:EPAM) Receives Average Rating of “Moderate Buy” from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $232.88.

Several research analysts have recently issued reports on EPAM shares. Guggenheim cut their price target on EPAM Systems from $285.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Morgan Stanley upped their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna cut their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Finally, StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of EPAM Systems by 12.2% during the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock worth $25,602,000 after purchasing an additional 13,981 shares during the period. Virtu Financial LLC purchased a new stake in EPAM Systems during the third quarter worth approximately $738,000. Tidal Investments LLC increased its position in shares of EPAM Systems by 6.1% in the third quarter. Tidal Investments LLC now owns 6,681 shares of the information technology services provider’s stock worth $1,330,000 after acquiring an additional 384 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of EPAM Systems by 1.2% in the 3rd quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider’s stock valued at $14,066,000 after acquiring an additional 848 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of EPAM Systems during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $160.36 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems has a one year low of $138.15 and a one year high of $269.00. The firm has a market capitalization of $9.15 billion, a P/E ratio of 20.45, a PEG ratio of 3.38 and a beta of 1.71. The company’s fifty day moving average is $169.62 and its two-hundred day moving average is $212.05.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. Analysts forecast that EPAM Systems will post 8.9 EPS for the current fiscal year.

About EPAM Systems

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, performance tuning, deployment, maintenance, and support services.