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

EPAM Systems, Inc. (NYSE:EPAM) has been given an average rating of “Moderate Buy” by the twenty analysts that are presently covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $258.32.

EPAM has been the topic of several recent analyst reports. Redburn Atlantic started coverage on shares of EPAM Systems in a report on Friday, May 24th. They issued a “neutral” rating and a $195.00 price target on the stock. Jefferies Financial Group upped their target price on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Piper Sandler reiterated an “overweight” rating and issued a $225.00 price target on shares of EPAM Systems in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, August 22nd. They set a “hold” rating and a $204.00 price objective on the stock. Finally, StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday.

Institutional Investors Weigh In On EPAM Systems

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of EPAM Systems during the first quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $43,000. ORG Partners LLC grew its holdings in shares of EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 150 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of EPAM Systems in the second quarter worth $29,000. Finally, Whittier Trust Co. acquired a new stake in EPAM Systems during the first quarter valued at $64,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Up 0.1 %

NYSE EPAM opened at $198.15 on Friday. The business has a 50 day moving average price of $202.95 and a two-hundred day moving average price of $218.69. The stock has a market cap of $11.49 billion, a PE ratio of 27.11, a P/E/G ratio of 4.48 and a beta of 1.45. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.19. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company posted $2.21 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts predict that EPAM Systems will post 8.06 EPS for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a share repurchase plan on Thursday, August 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the information technology services provider to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board 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.