EPAM Systems, Inc. (NYSE:EPAM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given an average rating of “Moderate Buy” by the twenty research firms that are currently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $264.20.

EPAM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective on the stock. Mizuho upped their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC upped their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Itau BBA Securities raised shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research note on Friday, November 8th.

Insider Activity at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares in the company, valued at $5,886,132. This represents a 3.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in shares of EPAM Systems by 14,325.2% in the 2nd quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock worth $123,601,000 after buying an additional 652,515 shares during the last quarter. TD Asset Management Inc lifted its position in shares of EPAM Systems by 80.0% in the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock worth $112,017,000 after buying an additional 264,570 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after buying an additional 160,989 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of EPAM Systems in the 2nd quarter worth about $84,850,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of EPAM Systems by 643.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock worth $83,100,000 after buying an additional 361,363 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Stock Down 1.4 %

Shares of NYSE EPAM opened at $240.47 on Wednesday. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a market capitalization of $13.64 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.73 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm’s 50-day moving average is $212.10 and its two-hundred day moving average is $200.05.

EPAM Systems announced that its board has authorized a share buyback plan on Thursday, August 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

About EPAM Systems

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.