EPAM Systems, Inc. (NYSE:EPAM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have earned a consensus rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $272.11.

EPAM has been the topic of a number of analyst reports. Redburn Atlantic started coverage on EPAM Systems in a research report on Friday, May 24th. They issued a “neutral” rating and a $195.00 price target on the stock. Piper Sandler decreased their target price on shares of EPAM Systems from $252.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, June 13th. TD Cowen dropped their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. decreased their price objective on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Citigroup dropped their target price on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd.

EPAM Systems Trading Up 4.1 %

Shares of EPAM Systems stock opened at $189.17 on Friday. The firm’s 50 day moving average is $187.22 and its 200 day moving average is $250.59. The firm has a market capitalization of $10.97 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 4.31 and a beta of 1.45. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.09. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Equities research analysts forecast that EPAM Systems will post 7.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently added to or reduced their stakes in the company. Mariner LLC increased its stake in EPAM Systems by 22.8% during the 3rd quarter. Mariner LLC now owns 2,033 shares of the information technology services provider’s stock valued at $520,000 after purchasing an additional 377 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of EPAM Systems in the 3rd quarter worth about $325,000. Schroder Investment Management Group lifted its position in EPAM Systems by 13.8% in the 3rd quarter. Schroder Investment Management Group now owns 43,220 shares of the information technology services provider’s stock valued at $11,051,000 after acquiring an additional 5,252 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in EPAM Systems by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 20,865 shares of the information technology services provider’s stock valued at $5,337,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in EPAM Systems by 265.7% during the 3rd quarter. Royal Bank of Canada now owns 183,284 shares of the information technology services provider’s stock worth $46,864,000 after purchasing an additional 133,163 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.