Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Target Price at $269.83

Shares of EPAM Systems, Inc. (NYSE:EPAM) have received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $269.83.

EPAM has been the topic of several recent analyst reports. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. Morgan Stanley boosted their target price on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Piper Sandler boosted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Finally, Mizuho boosted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

EPAM Systems Stock Down 7.2 %

EPAM opened at $208.98 on Monday. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm’s fifty day moving average price is $243.56 and its two-hundred day moving average price is $222.23. The company has a market capitalization of $11.85 billion, a P/E ratio of 27.14, a P/E/G ratio of 3.88 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.92% and a net margin of 9.68%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, analysts anticipate that EPAM Systems will post 8.59 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,300 shares of company stock worth $2,129,924. Company insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 125 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc acquired a new stake in EPAM Systems in the fourth quarter valued at about $35,000. Finally, Manchester Capital Management LLC boosted its stake in EPAM Systems by 590.0% in the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 177 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.