EPAM Systems Inc (EPAM) Given Consensus Recommendation of “Buy” by Analysts

Shares of EPAM Systems Inc (NYSE:EPAM) have been assigned a consensus rating of “Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $99.93.

A number of research analysts have recently weighed in on EPAM shares. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Wednesday, November 1st. Bank of America started coverage on shares of EPAM Systems in a research note on Tuesday, September 12th. They set a “buy” rating and a $95.00 price objective for the company. Cantor Fitzgerald reissued a “buy” rating and set a $92.00 price objective on shares of EPAM Systems in a research note on Thursday, November 2nd. BidaskClub cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Finally, KeyCorp raised their price objective on shares of EPAM Systems from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 13th.

EPAM Systems (EPAM) opened at $101.91 on Monday. EPAM Systems has a 1-year low of $61.74 and a 1-year high of $107.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56. The stock has a market cap of $5,382.17, a PE ratio of 40.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The company had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. equities research analysts anticipate 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 shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Arkadiy Dobkin sold 19,600 shares of EPAM Systems stock in a transaction on Monday, November 20th. The stock was sold at an average price of $103.21, for a total transaction of $2,022,916.00. The disclosure for this sale can be found here. Insiders have sold a total of 300,109 shares of company stock worth $28,716,315 in the last 90 days. Company insiders own 6.17% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in shares of EPAM Systems in the 2nd quarter worth about $101,000. Jacobi Capital Management LLC bought a new stake in shares of EPAM Systems in the 2nd quarter worth about $119,000. PNC Financial Services Group Inc. increased its position in shares of EPAM Systems by 34.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of EPAM Systems by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 166 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of EPAM Systems by 1,762.5% in the 2nd quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 1,974 shares during the last quarter. 91.08% of the stock is owned by 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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