Stifel Nicolaus reissued their buy rating on shares of EPAM Systems (NYSE:EPAM) in a research note released on Friday, February 16th, MarketBeat Ratings reports. The brokerage currently has a $135.00 price objective on the information technology services provider’s stock, up from their previous price objective of $105.00.
Other equities research analysts have also issued research reports about the stock. Bank of America upped their target price on shares of EPAM Systems from $95.00 to $110.00 and gave the stock a buy rating in a report on Monday, November 6th. Citigroup increased their price objective on shares of EPAM Systems from $105.00 to $110.00 and gave the company a buy rating in a research note on Friday, November 3rd. Needham & Company LLC reiterated a buy rating and issued a $110.00 price objective (up previously from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. UBS Group restated a buy rating and set a $105.00 price target (up previously from $96.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Finally, Cantor Fitzgerald restated a buy rating and set a $92.00 price target on shares of EPAM Systems in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. EPAM Systems presently has an average rating of Buy and an average price target of $113.94.
Shares of EPAM Systems (EPAM) traded up $0.04 on Friday, reaching $121.83. 265,724 shares of the company’s stock were exchanged, compared to its average volume of 342,808. The company has a market capitalization of $6,460.00, a PE ratio of 44.79, a P/E/G ratio of 1.98 and a beta of 0.96. The company has a quick ratio of 5.31, a current ratio of 5.31 and a debt-to-equity ratio of 0.03. EPAM Systems has a twelve month low of $71.58 and a twelve month high of $125.88.
In other news, Director Richard Michael Mayoras sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total transaction of $286,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.17% of the company’s stock.
A number of large investors have recently modified their holdings of EPAM. PNC Financial Services Group Inc. increased its position in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after acquiring an additional 378 shares during the period. Bank of Montreal Can increased its position in shares of EPAM Systems by 113.9% in the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock valued at $190,000 after acquiring an additional 944 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of EPAM Systems in the fourth quarter valued at about $204,000. Comerica Bank purchased a new position in shares of EPAM Systems in the fourth quarter valued at about $225,000. Finally, Two Sigma Investments LP purchased a new position in shares of EPAM Systems in the fourth quarter valued at about $215,000. Institutional investors own 91.61% of the company’s stock.
About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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