Shares of EPAM Systems, Inc. (NYSE:EPAM) have received an average rating of “Buy” from the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $92.58.

Several research analysts have weighed in on EPAM shares. Credit Suisse Group started coverage on shares of EPAM Systems in a research note on Tuesday, July 4th. They issued an “outperform” rating and a $90.00 price objective on the stock. BidaskClub lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. UBS AG increased their price target on shares of EPAM Systems from $89.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC dropped their price target on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, Berenberg Bank set a $95.00 price target on shares of EPAM Systems and gave the stock a “buy” rating in a research note on Sunday, August 6th.

In other news, CEO Arkadiy Dobkin sold 25,100 shares of EPAM Systems stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $80.49, for a total value of $2,020,299.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,000 shares of company stock worth $21,625,845. Insiders own 6.17% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC acquired a new stake in shares of EPAM Systems in the second quarter valued at approximately $101,000. Jacobi Capital Management LLC acquired a new stake in shares of EPAM Systems in the second quarter valued at approximately $119,000. PNC Financial Services Group Inc. raised its holdings in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 166 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock valued at $175,000 after purchasing an additional 1,974 shares during the last quarter. Institutional investors own 87.82% of the company’s stock.

EPAM Systems (NYSE EPAM) opened at 91.41 on Friday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 44.14 and a beta of 0.99. EPAM Systems has a 12-month low of $54.53 and a 12-month high of $91.97. The company’s 50 day moving average is $86.87 and its 200 day moving average is $82.84.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The firm had revenue of $348.98 million for the quarter, compared to analyst estimates of $342.00 million. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities analysts anticipate that EPAM Systems will post $3.30 earnings per share for the current year.

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About EPAM Systems

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.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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