EPAM Systems Inc (NYSE:EPAM) had its target price hoisted by investment analysts at Citigroup Inc from $105.00 to $110.00 in a research report issued on Friday. The firm currently has a “buy” rating on the information technology services provider’s stock. Citigroup Inc’s price target suggests a potential upside of 10.36% from the stock’s previous close.

Several other brokerages have also recently weighed in on EPAM. KeyCorp reaffirmed a “buy” rating on shares of EPAM Systems in a research note on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price (up previously from $90.00) on shares of EPAM Systems in a research note on Friday. Barclays PLC decreased their target price on EPAM Systems from $92.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. BidaskClub cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, UBS Group AG (USA) reaffirmed a “buy” rating and set a $105.00 target price (up previously from $96.00) on shares of EPAM Systems in a research note on Friday. Fifteen analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of $97.21.

Shares of EPAM Systems (NYSE EPAM) traded up $0.52 during mid-day trading on Friday, reaching $99.67. The company had a trading volume of 392,033 shares, compared to its average volume of 295,112. EPAM Systems has a fifty-two week low of $54.53 and a fifty-two week high of $100.30. The company has a market capitalization of $5,240.00, a PE ratio of 39.19, a P/E/G ratio of 2.11 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.05 and a quick ratio of 6.05.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 17.08% and a net margin of 10.71%. The business had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. sell-side analysts expect that EPAM Systems will post 2.55 EPS for the current year.

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In other EPAM Systems news, CEO Arkadiy Dobkin sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $90.81, for a total transaction of $1,362,150.00. Following the completion of the sale, the chief executive officer now directly owns 1,995,851 shares in the company, valued at approximately $181,243,229.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Elaina Shekhter sold 500 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $90.00, for a total value of $45,000.00. The disclosure for this sale can be found here. Insiders sold a total of 288,000 shares of company stock valued at $24,354,345 in the last quarter. 6.17% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Wisconsin Investment Board boosted its position in EPAM Systems by 28.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 70,490 shares of the information technology services provider’s stock worth $5,927,000 after acquiring an additional 15,490 shares during the period. Brighton Jones LLC acquired a new stake in EPAM Systems during the 2nd quarter worth about $484,000. Bank of Nova Scotia acquired a new stake in EPAM Systems during the 2nd quarter worth about $2,565,000. Hosking Partners LLP boosted its position in EPAM Systems by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 257,269 shares of the information technology services provider’s stock worth $21,634,000 after acquiring an additional 4,117 shares during the period. Finally, Atria Investments LLC acquired a new stake in EPAM Systems during the 2nd quarter worth about $206,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

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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