EPAM Systems - EPAM Stock Forecast, Price & News

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. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers' business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.

Analyst Upgrades and Downgrades

EPAM has been the topic of several research analyst reports. Susquehanna Bancshares lifted their price target on shares of EPAM Systems from $370.00 to $496.00 and gave the stock a "positive" rating in a research note on Tuesday. Piper Sandler upped their price objective on shares of EPAM Systems from $381.00 to $460.00 and gave the company an "overweight" rating in a research note on Friday. Citigroup upped their price target on shares of EPAM Systems to $520.00 in a research report on Tuesday. Wolfe Research upgraded shares of EPAM Systems from a "peer perform" rating to an "outperform" rating and set a $390.00 target price for the company in a research note on Monday, April 11th. Finally, Cowen increased their price objective on shares of EPAM Systems from $400.00 to $440.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average target price of $473.71.

EPAM Systems Stock Performance

EPAM Stock traded down $8.12 on Tuesday, reaching $419.52. 647,078 shares of the company were exchanged, compared to its average volume of 976,516. EPAM Systems has a 12 month low of $168.59 and a 12 month high of $725.40. The stock's fifty day moving average price is $324.53 and its 200 day moving average price is $325.73. The firm has a market capitalization of $23.98 billion, a PE ratio of 67.77, a PEG ratio of 3.43 and a beta of 1.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.32.

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. EPAM Systems had a net margin of 8.21% and a return on equity of 21.72%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The business's revenue was up 35.5% compared to the same quarter last year. On average, research analysts anticipate that EPAM Systems will post 7.24 EPS for the current fiscal year.

Insider Activity

In related news, CFO Jason D. Peterson sold 1,000 shares of the company's stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $325.00, for a total transaction of $325,000.00. Following the transaction, the chief financial officer now owns 12,162 shares in the company, valued at approximately $3,952,650. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the business's stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $325.00, for a total transaction of $325,000.00. Following the completion of the sale, the chief financial officer now directly owns 12,162 shares of the company's stock, valued at approximately $3,952,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 400 shares of the business's stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $335.00, for a total value of $134,000.00. Following the sale, the chief financial officer now directly owns 11,762 shares of the company's stock, valued at $3,940,270. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,500 shares of company stock worth $493,710. Corporate insiders own 4.10% of the company's stock.