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

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $328.00.

A number of brokerages have recently issued reports on EPAM. Guggenheim began coverage on shares of EPAM Systems in a research report on Tuesday, March 19th. They issued a “buy” rating and a $350.00 price target on the stock. Morgan Stanley lowered their price objective on shares of EPAM Systems from $250.00 to $236.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd. JPMorgan Chase & Co. boosted their price target on shares of EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Susquehanna upped their target price on shares of EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. Finally, Wolfe Research upgraded shares of EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research note on Thursday, January 4th.

EPAM Systems Stock Up 0.5 %

NYSE:EPAM opened at $247.20 on Tuesday. The firm’s 50 day simple moving average is $284.87 and its 200 day simple moving average is $273.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. EPAM Systems has a one year low of $197.99 and a one year high of $317.50. The company has a market cap of $14.34 billion, a PE ratio of 34.96, a P/E/G ratio of 10.73 and a beta of 1.44.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $2.71 EPS. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, research analysts anticipate that EPAM Systems will post 7.72 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The disclosure for this sale can be found here. Insiders have sold a total of 16,820 shares of company stock valued at $5,101,117 over the last three months. 4.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EPAM. IFM Investors Pty Ltd boosted its stake in shares of EPAM Systems by 1.1% during the first quarter. IFM Investors Pty Ltd now owns 11,833 shares of the information technology services provider’s stock valued at $3,268,000 after purchasing an additional 126 shares during the period. Veracity Capital LLC boosted its stake in shares of EPAM Systems by 92.7% during the first quarter. Veracity Capital LLC now owns 1,476 shares of the information technology services provider’s stock valued at $408,000 after purchasing an additional 710 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of EPAM Systems by 13.6% during the first quarter. First Trust Direct Indexing L.P. now owns 883 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 106 shares during the period. MBM Wealth Consultants LLC boosted its stake in shares of EPAM Systems by 9.7% during the first quarter. MBM Wealth Consultants LLC now owns 3,618 shares of the information technology services provider’s stock valued at $999,000 after purchasing an additional 320 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of EPAM Systems during the first quarter valued at approximately $586,000. 91.58% of the stock is currently owned by institutional investors.

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.