EPAM Systems (NYSE:EPAM - Get Rating) had its target price upped by Citigroup to $520.00 in a research note issued on Tuesday, Stock Target Advisor reports. Citigroup's price objective indicates a potential upside of 23.71% from the stock's previous close.
Several other equities research analysts have also issued reports on EPAM. Bank of America raised shares of EPAM Systems from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $312.00 to $400.00 in a research report on Friday, May 6th. Wolfe Research raised shares of EPAM Systems from a "peer perform" rating to an "outperform" rating and set a $390.00 price objective for the company in a research report on Monday, April 11th. Cowen increased their price objective on shares of EPAM Systems from $400.00 to $440.00 in a research report on Friday. Cowen increased their price objective on shares of EPAM Systems from $400.00 to $440.00 in a research report on Friday. Finally, Needham & Company LLC raised their price target on shares of EPAM Systems from $450.00 to $490.00 and gave the company a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $473.71.
EPAM Systems Trading Down 1.7 %
Shares of EPAM traded down $7.29 on Tuesday, hitting $420.35. 10,145 shares of the stock traded hands, compared to its average volume of 456,356. The company has a quick ratio of 3.32, a current ratio of 3.45 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $24.02 billion, a P/E ratio of 68.53, a P/E/G ratio of 3.43 and a beta of 1.77. The stock's 50 day moving average is $324.53 and its two-hundred day moving average is $325.73. EPAM Systems has a 1 year low of $168.59 and a 1 year high of $725.40.
EPAM Systems (NYSE:EPAM - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The information technology services provider reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.67. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.12 billion. EPAM Systems had a net margin of 8.21% and a return on equity of 21.72%. EPAM Systems's revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 earnings per share. As a group, sell-side analysts predict that EPAM Systems will post 7.24 earnings per share for the current year.
Insider Transactions at EPAM Systems
In other news, CMO Elaina Shekhter sold 100 shares of the firm's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $347.10, for a total value of $34,710.00. Following the transaction, the chief marketing officer now directly owns 7,671 shares in the company, valued at approximately $2,662,604.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other EPAM Systems news, CMO Elaina Shekhter sold 100 shares of the company's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $347.10, for a total value of $34,710.00. Following the completion of the transaction, the chief marketing officer now owns 7,671 shares in the company, valued at approximately $2,662,604.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jason D. Peterson sold 400 shares of the business's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $335.00, for a total value of $134,000.00. Following the transaction, the chief financial officer now owns 11,762 shares of the company's stock, valued at approximately $3,940,270. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,500 shares of company stock worth $493,710. 4.10% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of EPAM. FinTrust Capital Advisors LLC boosted its position in shares of EPAM Systems by 466.7% in the 1st quarter. FinTrust Capital Advisors LLC now owns 85 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 70 shares during the period. Zions Bancorporation N.A. raised its stake in shares of EPAM Systems by 443.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 87 shares of the information technology services provider's stock valued at $26,000 after acquiring an additional 71 shares in the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of EPAM Systems by 3,333.3% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 103 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 100 shares in the last quarter. Riverview Trust Co acquired a new stake in EPAM Systems in the 1st quarter valued at approximately $31,000. Finally, Lindbrook Capital LLC grew its holdings in EPAM Systems by 59.7% in the 2nd quarter. Lindbrook Capital LLC now owns 115 shares of the information technology services provider's stock valued at $34,000 after buying an additional 43 shares during the last quarter. Institutional investors own 95.24% 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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