Analysts Set EPAM Systems, Inc. (NYSE:EPAM) PT at $267.33

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given an average rating of “Moderate Buy” by the nineteen analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $267.33.

Several equities analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their price objective for the company from $235.00 to $295.00 in a report on Friday, December 6th. Scotiabank decreased their price target on shares of 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. Jefferies Financial Group decreased their price target on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st.

Insider Transactions at EPAM Systems

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

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently modified their holdings of the company. Aurora Investment Counsel boosted its position in shares of EPAM Systems by 0.7% in the fourth quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider’s stock worth $1,427,000 after acquiring an additional 45 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of EPAM Systems by 2.5% in the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after acquiring an additional 50 shares during the last quarter. UniSuper Management Pty Ltd boosted its position in shares of EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider’s stock worth $3,655,000 after acquiring an additional 52 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of EPAM Systems by 21.3% in the third quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Up 1.2 %

EPAM stock opened at $182.28 on Friday. The firm has a market cap of $10.37 billion, a PE ratio of 23.25, a P/E/G ratio of 3.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The firm’s fifty day moving average is $231.08 and its 200 day moving average is $222.49. EPAM Systems has a one year low of $169.43 and a one year high of $301.60.

EPAM Systems (NYSE:EPAM) last posted 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). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, research analysts forecast that EPAM Systems will post 8.9 EPS for the current year.

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.