EPAM Systems (NYSE:EPAM) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems (NYSE:EPAM - Get Free Report) in a report issued on Thursday, Marketbeat.com reports. The brokerage set a "hold" rating and a $171.00 price target on the information technology services provider's stock. Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 4.13% from the stock's previous close.

Several other research firms have also weighed in on EPAM. Susquehanna reduced their price objective on EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays increased their target price on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Scotiabank reduced their target price on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen lowered EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.73.

EPAM Systems Price Performance

Shares of EPAM traded down $2.63 during trading hours on Thursday, hitting $164.21. 657,601 shares of the company were exchanged, compared to its average volume of 684,459. The company has a market capitalization of $9.30 billion, a PE ratio of 22.97, a PEG ratio of 2.23 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. The firm has a fifty day simple moving average of $175.90 and a 200-day simple moving average of $192.14. 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 released its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping 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%. The company's revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $2.46 EPS. As a group, sell-side analysts predict that EPAM Systems will post 8.9 earnings per share for the current year.

Institutional Trading of EPAM Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Taylor Frigon Capital Management LLC raised its holdings in EPAM Systems by 2.9% during the second quarter. Taylor Frigon Capital Management LLC now owns 11,687 shares of the information technology services provider's stock valued at $2,040,000 after buying an additional 325 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in EPAM Systems by 9.4% during the second quarter. V Square Quantitative Management LLC now owns 1,623 shares of the information technology services provider's stock valued at $287,000 after buying an additional 139 shares in the last quarter. Sound Income Strategies LLC bought a new position in EPAM Systems during the second quarter valued at about $29,000. Patton Fund Management Inc. bought a new position in EPAM Systems during the second quarter valued at about $245,000. Finally, CX Institutional raised its holdings in EPAM Systems by 82.8% during the second quarter. CX Institutional now owns 457 shares of the information technology services provider's stock valued at $81,000 after buying an additional 207 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.