EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Rating of “Moderate Buy” from Analysts

EPAM Systems, Inc. (NYSE:EPAM) has been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $328.00.

Several brokerages have weighed in on EPAM. Jefferies Financial Group reiterated a “hold” rating and issued a $295.00 target price on shares of EPAM Systems in a report on Thursday, January 11th. Morgan Stanley decreased their price objective on EPAM Systems from $250.00 to $236.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd. HSBC decreased their price objective on EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Guggenheim started coverage on EPAM Systems in a research note on Tuesday, March 19th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $265.00 to $350.00 in a research note on Friday, February 16th.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $247.20 on Tuesday. EPAM Systems has a 52 week low of $197.99 and a 52 week high of $317.50. The company has a market capitalization of $14.34 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 10.73 and a beta of 1.44. The stock’s fifty day moving average is $284.87 and its two-hundred day moving average is $273.86. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $2.71 EPS. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts expect that EPAM Systems will post 7.72 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the sale, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the sale, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is owned by insiders.

Institutional Trading of EPAM Systems

Several hedge funds and other institutional investors have recently bought and sold shares of EPAM. Vontobel Holding Ltd. grew its holdings in EPAM Systems by 1.4% during the third quarter. Vontobel Holding Ltd. now owns 4,003 shares of the information technology services provider’s stock worth $1,024,000 after acquiring an additional 55 shares during the period. CWM LLC grew its holdings in EPAM Systems by 10.1% during the third quarter. CWM LLC now owns 1,436 shares of the information technology services provider’s stock worth $367,000 after acquiring an additional 132 shares during the period. IFP Advisors Inc purchased a new position in EPAM Systems during the third quarter worth approximately $87,000. DnB Asset Management AS purchased a new position in EPAM Systems during the third quarter worth approximately $3,567,000. Finally, SG Americas Securities LLC boosted its position in EPAM Systems by 1,270.9% during the third quarter. SG Americas Securities LLC now owns 13,846 shares of the information technology services provider’s stock worth $3,540,000 after purchasing an additional 12,836 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.