Brokerages Set EPAM Systems, Inc. (NYSE:EPAM) Target Price at $282.81

EPAM Systems, Inc. (NYSE:EPAM) has been assigned an average rating of “Hold” from the eighteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $277.65.

Several analysts have recently commented on the company. Barclays decreased their target price on EPAM Systems from $265.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, May 13th. Mizuho cut their price target on EPAM Systems from $345.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Needham & Company LLC dropped their price objective on EPAM Systems from $350.00 to $210.00 and set a “buy” rating for the company in a report on Friday, May 10th. HSBC lowered their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Finally, Wolfe Research downgraded EPAM Systems from an “outperform” rating to a “peer perform” rating in a research note on Friday, May 17th.

EPAM Systems Price Performance

EPAM Systems stock opened at $180.11 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. The company has a market capitalization of $10.44 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 4.34 and a beta of 1.46. EPAM Systems has a one year low of $179.44 and a one year high of $317.50. The business has a 50 day simple moving average of $242.47 and a 200 day simple moving average of $270.50.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. On average, sell-side analysts forecast that EPAM Systems will post 7.87 EPS for the current fiscal year.

Insider Activity at EPAM Systems

In other news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the transaction, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the sale, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is owned by insiders.

Institutional Trading of EPAM Systems

Hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of EPAM Systems during the 1st quarter worth about $1,252,000. Comerica Bank raised its stake in EPAM Systems by 3.1% in the 1st quarter. Comerica Bank now owns 9,593 shares of the information technology services provider’s stock worth $2,649,000 after purchasing an additional 286 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of EPAM Systems by 17.2% during the first quarter. Tidal Investments LLC now owns 3,167 shares of the information technology services provider’s stock worth $875,000 after purchasing an additional 464 shares during the period. Motley Fool Asset Management LLC raised its position in shares of EPAM Systems by 5.2% in the first quarter. Motley Fool Asset Management LLC now owns 1,124 shares of the information technology services provider’s stock valued at $310,000 after buying an additional 56 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in EPAM Systems by 1.4% during the first quarter. California State Teachers Retirement System now owns 91,536 shares of the information technology services provider’s stock worth $25,279,000 after buying an additional 1,260 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

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.