EPAM Systems (NYSE:EPAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of EPAM Systems (NYSE:EPAM) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other equities analysts also recently weighed in on the stock. Barclays upped their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Stifel Nicolaus dropped their price target on shares of EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Needham & Company LLC upped their price target on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Guggenheim upped their price target on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Scotiabank dropped their price target on shares of EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.73.

EPAM Systems Price Performance

EPAM opened at $153.20 on Friday. The stock has a fifty day moving average of $171.59 and a 200-day moving average of $186.18. The firm has a market capitalization of $8.68 billion, a P/E ratio of 21.43, a PEG ratio of 2.25 and a beta of 1.67. EPAM Systems has a 12-month low of $138.15 and a 12-month high of $269.00. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.14. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 earnings per share. Equities analysts forecast that EPAM Systems will post 8.9 EPS for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider’s stock valued at $4,816,000 after acquiring an additional 5,435 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in EPAM Systems by 18.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider’s stock valued at $1,224,000 after acquiring an additional 1,112 shares during the period. SG Americas Securities LLC lifted its stake in shares of EPAM Systems by 518.9% in the first quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider’s stock valued at $1,173,000 after buying an additional 5,827 shares during the period. CX Institutional bought a new stake in shares of EPAM Systems in the first quarter valued at about $42,000. Finally, Fifth Third Bancorp lifted its stake in shares of EPAM Systems by 6.1% in the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider’s stock valued at $265,000 after buying an additional 91 shares during the period. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile

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.