EPAM Systems, Inc. (NYSE:EPAM) Receives $328.00 Consensus Target Price from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been assigned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $323.93.

EPAM has been the subject of several recent analyst reports. Scotiabank upgraded shares of EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $265.00 to $350.00 in a research report on Friday, February 16th. Barclays decreased their price objective on shares of EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating for the company in a research report on Friday. Wedbush reiterated an “outperform” rating and set a $340.00 price objective on shares of EPAM Systems in a research report on Wednesday, April 10th. Jefferies Financial Group reiterated a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Finally, Guggenheim initiated coverage on shares of EPAM Systems in a research report on Tuesday, March 19th. They set a “buy” rating and a $350.00 price objective for the company.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at $3,707,802. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,820 shares of company stock valued at $5,101,117. Corporate insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EPAM. Benjamin F. Edwards & Company Inc. bought a new position in shares of EPAM Systems during the fourth quarter valued at about $25,000. Riverview Trust Co bought a new position in shares of EPAM Systems during the first quarter valued at about $29,000. VisionPoint Advisory Group LLC lifted its position in shares of EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of EPAM Systems by 123.3% during the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 90 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of EPAM Systems during the fourth quarter valued at about $43,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Trading Up 0.3 %

Shares of NYSE EPAM opened at $237.75 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems has a 52-week low of $197.99 and a 52-week high of $317.50. The firm has a 50 day moving average price of $280.94 and a two-hundred day moving average price of $273.37. The stock has a market cap of $13.79 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 10.35 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted $2.71 EPS. The company’s revenue was down 6.0% on a year-over-year basis. As a group, equities analysts forecast that EPAM Systems will post 7.72 EPS for the current year.

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.