EPAM Systems Inc (EPAM) Receives Average Rating of “Buy” from Analysts
Shares of EPAM Systems Inc (NYSE:EPAM) have been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the company. Nine research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $86.25.
A number of research analysts have recently issued reports on EPAM shares. Cantor Fitzgerald reiterated a “buy” rating and set a $78.00 price target on shares of EPAM Systems in a research note on Thursday, May 4th. Wedbush boosted their price target on shares of EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, May 8th. Barclays PLC reiterated an “overweight” rating and set a $84.00 price target (up from $80.00) on shares of EPAM Systems in a research note on Friday, May 5th. Needham & Company LLC boosted their price target on shares of EPAM Systems from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, February 16th. Finally, Zacks Investment Research lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th.
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In related news, CEO Arkadiy Dobkin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $80.12, for a total transaction of $801,200.00. Following the completion of the transaction, the chief executive officer now owns 2,135,164 shares of the company’s stock, valued at $171,069,339.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Elaina Shekhter sold 2,875 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.63, for a total transaction of $231,811.25. Following the transaction, the insider now directly owns 12,219 shares of the company’s stock, valued at approximately $985,217.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,875 shares of company stock worth $3,304,511. 5.98% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in shares of EPAM Systems during the fourth quarter valued at $22,075,000. Grandeur Peak Global Advisors LLC increased its position in shares of EPAM Systems by 26.9% in the third quarter. Grandeur Peak Global Advisors LLC now owns 207,075 shares of the information technology services provider’s stock valued at $14,352,000 after buying an additional 43,925 shares during the period. UBS Group AG increased its position in shares of EPAM Systems by 9.7% in the third quarter. UBS Group AG now owns 341,565 shares of the information technology services provider’s stock valued at $23,673,000 after buying an additional 30,184 shares during the period. Bloom Tree Partners LLC increased its position in shares of EPAM Systems by 69.8% in the third quarter. Bloom Tree Partners LLC now owns 351,188 shares of the information technology services provider’s stock valued at $24,341,000 after buying an additional 144,366 shares during the period. Finally, Conatus Capital Management LP increased its position in shares of EPAM Systems by 3.9% in the third quarter. Conatus Capital Management LP now owns 955,475 shares of the information technology services provider’s stock valued at $66,224,000 after buying an additional 35,868 shares during the period. 94.60% of the stock is owned by institutional investors.
Shares of EPAM Systems (NYSE:EPAM) opened at 82.91 on Tuesday. EPAM Systems has a 1-year low of $54.53 and a 1-year high of $83.24. The stock’s 50 day moving average is $77.85 and its 200 day moving average is $69.97. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 44.58 and a beta of 1.22.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.22. EPAM Systems had a net margin of 9.23% and a return on equity of 12.66%. The business had revenue of $324.65 million for the quarter, compared to analyst estimates of $316.64 million. During the same period in the previous year, the business posted $0.66 earnings per share. The business’s revenue was up 22.8% compared to the same quarter last year. On average, equities analysts forecast that EPAM Systems will post $3.43 EPS for the current year.
EPAM Systems Company Profile
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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