EPAM Systems (NYSE:EPAM) has been given a $115.00 price objective by Cowen in a report released on Monday. The firm currently has a “buy” rating on the information technology services provider’s stock. Cowen’s price objective would suggest a potential upside of 12.84% from the company’s previous close.

EPAM has been the topic of a number of other reports. Pivotal Research began coverage on EPAM Systems in a research note on Tuesday, December 5th. They issued a “buy” rating and a $120.00 price target on the stock. BidaskClub upgraded EPAM Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Jefferies Group set a $95.00 price target on EPAM Systems and gave the company a “buy” rating in a research note on Thursday, August 17th. UBS downgraded EPAM Systems from a “buy” rating to a “neutral” rating and lifted their price target for the company from $105.00 to $110.00 in a research note on Wednesday, November 29th. Finally, Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. EPAM Systems currently has an average rating of “Buy” and a consensus target price of $101.40.

Shares of EPAM Systems (EPAM) traded up $1.84 during mid-day trading on Monday, hitting $101.91. The company’s stock had a trading volume of 263,600 shares, compared to its average volume of 334,634. EPAM Systems has a one year low of $61.74 and a one year high of $107.91. The stock has a market cap of $5,382.13, a P/E ratio of 40.28, a P/E/G ratio of 1.96 and a beta of 1.00. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03.

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 consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The company had revenue of $377.50 million for the quarter, compared to the consensus estimate of $368.22 million. During the same period last year, the business posted $0.76 EPS. The company’s revenue was up 26.6% on a year-over-year basis. research analysts expect that EPAM Systems will post 2.68 EPS for the current year.

In related news, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $90.00, for a total transaction of $45,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock in a transaction on Monday, September 18th. The stock was sold at an average price of $82.66, for a total value of $413,300.00. Following the transaction, the chief executive officer now directly owns 2,080,851 shares of the company’s stock, valued at $172,003,143.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 300,109 shares of company stock valued at $28,716,315. 6.17% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in shares of EPAM Systems in the second quarter worth $101,000. Jacobi Capital Management LLC acquired a new position in shares of EPAM Systems in the second quarter worth $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 worth $123,000 after acquiring 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 worth $134,000 after acquiring 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 worth $175,000 after acquiring an additional 1,974 shares during the last quarter. 91.08% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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