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

Shares of EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $233.93.

A number of research firms recently commented on EPAM. Wall Street Zen lowered EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Needham & Company LLC increased their price target on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Barclays increased their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Scotiabank decreased their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Finally, Guggenheim increased their price target on EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th.

EPAM Systems Trading Down 1.2%

EPAM stock opened at $162.98 on Friday. EPAM Systems has a 1-year low of $138.15 and a 1-year high of $269.00. The firm has a market cap of $9.23 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.16 and a beta of 1.72. The business's 50 day moving average is $168.71 and its 200-day moving average is $200.98. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its quarterly earnings data 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. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $2.46 EPS. The company's revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC lifted its stake in shares of 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 valued at $27,000 after purchasing an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of EPAM Systems by 2,500.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 125 shares during the period. Sentry Investment Management LLC acquired a new position in shares of EPAM Systems in the 1st quarter valued at $33,000. TD Private Client Wealth LLC lifted its stake in shares of 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 period. Finally, CX Institutional acquired a new position in shares of EPAM Systems in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 91.58% of the company's stock.

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.

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