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

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $267.33.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Jefferies Financial Group dropped their target price on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Scotiabank cut their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. Finally, StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $179.46 on Friday. The stock has a market capitalization of $10.21 billion, a P/E ratio of 22.89, a PEG ratio of 3.38 and a beta of 1.61. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $303.81. The firm has a fifty day simple moving average of $233.04 and a two-hundred day simple moving average of $222.56. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On EPAM Systems

Institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in EPAM Systems during the fourth quarter worth approximately $173,053,000. William Blair Investment Management LLC acquired a new position in shares of EPAM Systems during the 4th quarter worth approximately $166,906,000. Ameriprise Financial Inc. lifted its position in shares of EPAM Systems by 39.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock valued at $510,053,000 after buying an additional 620,551 shares in the last quarter. Marshall Wace LLP grew its stake in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock valued at $179,944,000 after acquiring an additional 429,644 shares during the period. Finally, Capital World Investors increased its holdings in EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after acquiring an additional 414,942 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.