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

Shares of EPAM Systems, Inc. (NYSE:EPAM) have received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $328.00.

EPAM has been the topic of a number of research analyst reports. HSBC reduced their target price on EPAM Systems from $350.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Needham & Company LLC raised their price objective on EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Wedbush reaffirmed an “outperform” rating and issued a $340.00 target price on shares of EPAM Systems in a research note on Wednesday, April 10th. Piper Sandler reiterated an “overweight” rating and set a $369.00 price target on shares of EPAM Systems in a research report on Monday, March 4th. Finally, Stifel Nicolaus boosted their price objective on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a report on Monday, February 12th.

EPAM Systems Stock Performance

Shares of EPAM opened at $237.13 on Tuesday. EPAM Systems has a 12-month low of $197.99 and a 12-month high of $317.50. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The company has a market cap of $13.75 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 10.81 and a beta of 1.43. The stock has a 50-day moving average price of $283.71 and a 200-day moving average price of $273.69.

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

Insider Buying and Selling at EPAM Systems

In other news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other EPAM Systems news, 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 value of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock valued at $5,101,117 in the last 90 days. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Equitable Trust Co. lifted its position in EPAM Systems by 0.8% during the first quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock valued at $1,641,000 after buying an additional 46 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of EPAM Systems by 22.6% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,583 shares of the information technology services provider’s stock worth $2,094,000 after acquiring an additional 1,400 shares in the last quarter. V Square Quantitative Management LLC increased its stake in shares of EPAM Systems by 29.1% in the 1st quarter. V Square Quantitative Management LLC now owns 1,068 shares of the information technology services provider’s stock worth $295,000 after acquiring an additional 241 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in EPAM Systems by 116.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 169,051 shares of the information technology services provider’s stock valued at $46,685,000 after acquiring an additional 90,895 shares during the period. Finally, Fifth Third Bancorp boosted its stake in EPAM Systems by 6.2% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the information technology services provider’s stock worth $476,000 after acquiring an additional 101 shares in the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

About EPAM Systems

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.