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

EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $231.73.

Several research analysts have weighed in on the company. Needham & Company LLC upped their price target on EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Barclays increased their price objective on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Stifel Nicolaus dropped their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Morgan Stanley lowered their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Finally, Susquehanna lowered their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research report on Wednesday, April 23rd.

EPAM Systems Stock Performance

NYSE EPAM traded down $2.63 during trading hours on Thursday, hitting $164.21. The company's stock had a trading volume of 657,601 shares, compared to its average volume of 684,459. The company's 50 day simple moving average is $176.22 and its two-hundred day simple moving average is $192.63. EPAM Systems has a 12 month low of $138.15 and a 12 month high of $269.00. The company has a market cap of $9.30 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06.

EPAM Systems (NYSE:EPAM - Get Free Report) last released 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. EPAM Systems had a return on equity of 14.15% and a net margin of 8.47%. EPAM Systems's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 earnings per share. As a group, sell-side analysts expect that EPAM Systems will post 8.9 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in EPAM Systems by 35.8% in the 4th quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after buying an additional 5,435 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in EPAM Systems by 18.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock worth $1,224,000 after purchasing an additional 1,112 shares during the last quarter. SG Americas Securities LLC boosted its stake in EPAM Systems by 518.9% during the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after purchasing an additional 5,827 shares during the last quarter. Fifth Third Bancorp boosted its position in EPAM Systems by 6.1% during the first quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after acquiring an additional 91 shares during the last quarter. Finally, DnB Asset Management AS boosted its position in EPAM Systems by 26.4% during the fourth quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock worth $2,629,000 after acquiring an additional 2,349 shares during the last quarter. 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.