Barclays initiated coverage on shares of EPAM Systems (NYSE:EPAM) in a research note released on Friday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $214.00 price target on the information technology services provider’s stock.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of EPAM Systems from a hold rating to a buy rating and set a $199.00 price objective for the company in a report on Wednesday, August 14th. Cantor Fitzgerald upped their price objective on shares of EPAM Systems from $187.00 to $212.00 and gave the stock an overweight rating in a report on Friday, August 9th. Finally, Cowen upped their price objective on shares of EPAM Systems from $180.00 to $210.00 and gave the stock a positive rating in a report on Wednesday, July 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $179.80.
Shares of EPAM opened at $185.79 on Friday. EPAM Systems has a 1 year low of $104.77 and a 1 year high of $201.00. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.72 and a current ratio of 4.72. The firm has a fifty day moving average of $187.53 and a 200-day moving average of $178.06.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.08. EPAM Systems had a net margin of 11.98% and a return on equity of 18.90%. The company had revenue of $551.60 million during the quarter, compared to the consensus estimate of $549.84 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. Analysts predict that EPAM Systems will post 4.36 EPS for the current year.
In other EPAM Systems news, CMO Elaina Shekhter sold 2,800 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $195.00, for a total value of $546,000.00. Following the sale, the chief marketing officer now directly owns 10,459 shares in the company, valued at $2,039,505. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 3,469 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $186.92, for a total transaction of $648,425.48. Following the completion of the sale, the chief financial officer now owns 15,473 shares in the company, valued at $2,892,213.16. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Captrust Financial Advisors raised its position in EPAM Systems by 49.0% in the second quarter. Captrust Financial Advisors now owns 228 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 75 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in EPAM Systems by 1.0% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 7,879 shares of the information technology services provider’s stock worth $1,364,000 after buying an additional 76 shares during the period. Creative Planning raised its holdings in EPAM Systems by 2.3% during the 2nd quarter. Creative Planning now owns 3,691 shares of the information technology services provider’s stock worth $639,000 after buying an additional 82 shares during the period. Calamos Advisors LLC raised its holdings in EPAM Systems by 3.2% during the 2nd quarter. Calamos Advisors LLC now owns 2,890 shares of the information technology services provider’s stock worth $500,000 after buying an additional 90 shares during the period. Finally, Sheets Smith Wealth Management raised its holdings in EPAM Systems by 2.4% during the 1st quarter. Sheets Smith Wealth Management now owns 4,349 shares of the information technology services provider’s stock worth $736,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 90.53% of the company’s stock.
EPAM Systems Company Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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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