EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• EPAM Systems, Inc. has an average rating of "Moderate Buy" from fifteen analysts, with four holding and eleven recommending buy ratings.
• The company reported earnings of $2.77 per share for the last quarter, exceeding expectations, with revenue growing 18% year-over-year.
• Recent institutional investments show significant interest in EPAM, with hedge funds holding 91.58% of the company's stock.

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $231.7333.

Several research analysts have weighed in on the company. Stifel Nicolaus cut their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays boosted their price target on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Piper Sandler boosted their price target on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Scotiabank cut their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen upgraded EPAM Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded up $7.74 during trading on Monday, hitting $160.67. 499,638 shares of the company were exchanged, compared to its average volume of 750,454. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. EPAM Systems has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.26 and a beta of 1.67. The firm has a 50 day moving average price of $169.13 and a 200 day moving average price of $182.96.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $2.45 EPS. The company's quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPAM. Arrowstreet Capital Limited Partnership grew its stake in EPAM Systems by 57.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 322,650 shares of the information technology services provider's stock worth $57,051,000 after purchasing an additional 117,761 shares in the last quarter. M&T Bank Corp increased its holdings in EPAM Systems by 27.4% in the second quarter. M&T Bank Corp now owns 2,052 shares of the information technology services provider's stock valued at $363,000 after buying an additional 441 shares during the last quarter. Brandes Investment Partners LP bought a new stake in EPAM Systems in the second quarter valued at about $1,365,000. Claret Asset Management Corp bought a new stake in EPAM Systems in the second quarter valued at about $271,000. Finally, Edgestream Partners L.P. bought a new stake in EPAM Systems in the second quarter valued at about $6,755,000. 91.58% of the stock is owned by hedge funds and other 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.