EPAM Systems, Inc. (NYSE:EPAM) Receives $232.88 Consensus PT from Analysts

Shares of EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $232.88.

EPAM has been the subject of several analyst reports. Stifel Nicolaus decreased their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday. Barclays dropped their price objective on EPAM Systems from $270.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and issued a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com lowered EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Morgan Stanley boosted their price target on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st.

Hedge Funds Weigh In On EPAM Systems

Institutional investors have recently added to or reduced their stakes in the stock. Aurora Investment Counsel increased its stake in shares of EPAM Systems by 0.7% in the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock worth $1,427,000 after acquiring an additional 45 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock valued at $3,655,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC increased its position in EPAM Systems by 90.0% during the fourth 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 last quarter. Baker Tilly Wealth Management LLC raised its stake in EPAM Systems by 4.9% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock worth $343,000 after purchasing an additional 69 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

EPAM Systems stock traded down $0.89 during mid-day trading on Friday, reaching $158.23. 585,992 shares of the company traded hands, compared to its average volume of 698,554. The firm's fifty day moving average is $168.55 and its two-hundred day moving average is $211.94. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. EPAM Systems has a fifty-two week low of $138.15 and a fifty-two week high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities research analysts expect that EPAM Systems will post 8.9 earnings per share 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.