EPAM Systems (NYSE:EPAM) Price Target Raised to $225.00 at Barclays

EPAM Systems (NYSE:EPAM) had its price objective lifted by Barclays from $200.00 to $225.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

EPAM has been the topic of several other reports. TD Cowen reduced their target price on EPAM Systems from $282.00 to $203.00 and set a hold rating on the stock in a research report on Friday, May 10th. The Goldman Sachs Group started coverage on EPAM Systems in a report on Monday, June 24th. They issued a neutral rating and a $200.00 price objective on the stock. Jefferies Financial Group upgraded EPAM Systems from a hold rating to a buy rating and raised their price objective for the stock from $202.00 to $237.00 in a report on Tuesday, July 16th. Wedbush restated an outperform rating and issued a $340.00 price objective on shares of EPAM Systems in a report on Wednesday, April 10th. Finally, Citigroup cut their price objective on EPAM Systems from $325.00 to $275.00 and set a neutral rating on the stock in a report on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $270.28.

EPAM Systems Price Performance

Shares of NYSE:EPAM traded down $3.18 on Tuesday, hitting $204.15. The company had a trading volume of 128,385 shares, compared to its average volume of 640,513. 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 has a 52-week low of $169.43 and a 52-week high of $317.50. The business has a 50 day moving average of $185.80 and a 200 day moving average of $245.06. The company has a market cap of $11.83 billion, a PE ratio of 28.24, a PEG ratio of 4.90 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last released 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 return on equity of 14.95% and a net margin of 9.28%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. As a group, equities analysts anticipate that EPAM Systems will post 7.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its stake in EPAM Systems by 0.7% during the 4th quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider’s stock valued at $2,289,207,000 after purchasing an additional 51,228 shares in the last quarter. Vanguard Group Inc. lifted its holdings in EPAM Systems by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after buying an additional 39,531 shares during the last quarter. Norges Bank bought a new position in EPAM Systems during the 4th quarter worth approximately $184,713,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in EPAM Systems by 22.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 512,353 shares of the information technology services provider’s stock worth $139,516,000 after buying an additional 94,544 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in EPAM Systems by 372.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock worth $141,627,000 after buying an additional 375,439 shares during the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.