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

Shares of EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) have been given an average rating of "Moderate Buy" by the fifteen analysts that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $233.93.

A number of research firms have recently issued reports on EPAM. Morgan Stanley reduced their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Guggenheim boosted their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Piper Sandler increased their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus lowered their target price 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 125 shares during the last quarter. Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the 1st quarter worth approximately $33,000. TD Private Client Wealth LLC boosted its stake in shares of EPAM Systems by 88.5% during the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of EPAM Systems during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 91.58% of the company's stock.

EPAM Systems Price Performance

NYSE:EPAM traded down $0.65 during midday trading on Wednesday, hitting $173.70. 909,754 shares of the stock were exchanged, compared to its average volume of 684,820. The business has a 50-day moving average price of $164.42 and a two-hundred day moving average price of $208.96. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 3.38 and a beta of 1.71. EPAM Systems has a one year low of $138.15 and a one year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.14. The business had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.46 earnings per share. Sell-side analysts predict that EPAM Systems will post 8.9 EPS for the current 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.