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

Shares of EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Four equities research 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 brokerages that have updated their coverage on the stock in the last year is $233.93.

Several brokerages have issued reports on EPAM. Wall Street Zen downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Piper Sandler raised their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Barclays boosted their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Scotiabank decreased their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Morgan Stanley dropped their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ninety One UK Ltd bought a new stake in EPAM Systems in the first quarter valued at $186,280,000. Invesco Ltd. increased its stake in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider's stock valued at $602,674,000 after purchasing an additional 965,089 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of EPAM Systems by 98.8% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider's stock valued at $274,923,000 after buying an additional 809,423 shares during the last quarter. Norges Bank acquired a new position in shares of EPAM Systems during the fourth quarter worth approximately $173,053,000. Finally, William Blair Investment Management LLC bought a new position in EPAM Systems in the 4th quarter worth approximately $166,906,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Trading Up 0.4%

Shares of EPAM Systems stock traded up $0.61 during trading hours on Friday, hitting $173.36. The company's stock had a trading volume of 517,917 shares, compared to its average volume of 691,233. The business has a fifty day moving average of $169.45 and a 200 day moving average of $199.97. EPAM Systems has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $9.82 billion, a PE ratio of 24.25, a P/E/G ratio of 2.23 and a beta of 1.72.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.14. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. As a group, equities analysts forecast 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.