Barclays Issues Positive Forecast for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM - Free Report) had its price target increased by Barclays from $200.00 to $215.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the information technology services provider's stock.

EPAM has been the topic of several other research reports. Stifel Nicolaus lowered their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. StockNews.com cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Guggenheim raised their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley decreased their target price on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Finally, Needham & Company LLC raised their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $231.50.

EPAM Systems Trading Down 0.6%

EPAM Systems stock traded down $1.15 during mid-day trading on Monday, reaching $183.54. 1,089,533 shares of the company traded hands, compared to its average volume of 682,554. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm's 50 day moving average price is $164.77 and its 200 day moving average price is $210.69. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 3.38 and a beta of 1.71. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company's 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. On average, 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 bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of EPAM Systems by 134.1% during the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider's stock worth $381,000 after buying an additional 1,291 shares during the period. MBB Public Markets I LLC acquired a new position in shares of EPAM Systems during the 1st quarter worth approximately $308,000. United Services Automobile Association acquired a new position in shares of EPAM Systems during the 1st quarter worth approximately $229,000. Goldman Sachs Group Inc. raised its stake in shares of EPAM Systems by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider's stock worth $56,587,000 after buying an additional 117,170 shares during the period. Finally, Kestra Investment Management LLC raised its stake in shares of EPAM Systems by 23.4% during the 1st quarter. Kestra Investment Management LLC now owns 2,556 shares of the information technology services provider's stock worth $432,000 after buying an additional 485 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

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.