EPAM Systems, Inc. (NYSE:EPAM) Receives $214.20 Average Target Price from Analysts

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $214.20.

A number of research firms have commented on EPAM. Weiss Ratings restated a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Truist Financial initiated coverage on EPAM Systems in a research report on Tuesday, January 6th. They issued a “hold” rating and a $220.00 price target on the stock. Zacks Research cut shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup raised their target price on shares of EPAM Systems from $170.00 to $225.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of EPAM Systems from $201.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 7th.

EPAM Systems Trading Up 5.2%

EPAM stock opened at $186.71 on Monday. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a market capitalization of $10.31 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.13 and a beta of 1.72. The company’s 50-day simple moving average is $207.64 and its 200 day simple moving average is $178.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.06. EPAM Systems had a net margin of 7.01% and a return on equity of 13.16%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $3.12 EPS. The business’s revenue was up 19.4% on a year-over-year basis. As a group, sell-side analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

EPAM Systems declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the information technology services provider to repurchase up to 12.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at EPAM Systems

In related news, SVP Boris Shnayder sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $207.00, for a total transaction of $1,035,000.00. Following the completion of the sale, the senior vice president directly owned 15,645 shares in the company, valued at $3,238,515. This represents a 24.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Viktar Dvorkin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $181.80, for a total value of $454,500.00. Following the completion of the sale, the senior vice president directly owned 38,124 shares in the company, valued at $6,930,943.20. This trade represents a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,100 shares of company stock valued at $1,597,074. 4.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC acquired a new stake in shares of EPAM Systems in the 4th quarter valued at approximately $704,000. Plan A Wealth LLC bought a new stake in shares of EPAM Systems during the fourth quarter worth $272,000. FourThought Financial Partners LLC acquired a new position in shares of EPAM Systems during the fourth quarter worth $212,000. Global Retirement Partners LLC lifted its stake in shares of EPAM Systems by 913.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,327 shares of the information technology services provider’s stock valued at $272,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $120,000. Institutional investors own 91.58% of the company’s stock.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.