EPAM Systems Inc (NYSE:EPAM) has been given an average rating of “Buy” by the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $101.36.

Several brokerages have issued reports on EPAM. BidaskClub upgraded EPAM Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Tuesday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target (up from $90.00) on shares of EPAM Systems in a research report on Friday, November 3rd. Bank of America increased their price target on EPAM Systems from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, KeyCorp reaffirmed a “buy” rating and set a $100.00 price target on shares of EPAM Systems in a research report on Sunday, October 29th.

Shares of EPAM Systems (NYSE EPAM) opened at $110.03 on Friday. The stock has a market capitalization of $5,724.88, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. EPAM Systems has a 52-week low of $63.32 and a 52-week high of $110.78. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $368.22 million. During the same quarter in the prior year, the firm earned $0.76 earnings per share. EPAM Systems’s revenue was up 26.6% compared to the same quarter last year. equities research analysts predict that EPAM Systems will post 2.68 EPS for the current year.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $89.88, for a total value of $1,797,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald P. Vargo sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total value of $405,280.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 249,154 shares of company stock worth $24,377,785. Corporate insiders own 6.17% of the company’s stock.

Several large investors have recently bought and sold shares of EPAM. Schwab Charles Investment Management Inc. grew its stake in shares of EPAM Systems by 12.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 235,579 shares of the information technology services provider’s stock worth $19,810,000 after purchasing an additional 25,631 shares in the last quarter. First Trust Advisors LP grew its stake in shares of EPAM Systems by 100.4% during the second quarter. First Trust Advisors LP now owns 27,108 shares of the information technology services provider’s stock worth $2,280,000 after purchasing an additional 13,582 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of EPAM Systems during the second quarter worth $353,000. Legal & General Group Plc grew its stake in shares of EPAM Systems by 4.6% during the second quarter. Legal & General Group Plc now owns 17,859 shares of the information technology services provider’s stock worth $1,498,000 after purchasing an additional 789 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of EPAM Systems by 514.2% during the second quarter. BNP Paribas Arbitrage SA now owns 6,216 shares of the information technology services provider’s stock worth $523,000 after purchasing an additional 5,204 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

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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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