Analysts Set EPAM Systems (EPAM) Target Price at $114.63

Shares of EPAM Systems (NYSE:EPAM) have been given an average rating of “Buy” by the nineteen brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $114.63.

Several research firms have issued reports on EPAM. ValuEngine upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $135.00 price target (up from $130.00) on shares of EPAM Systems in a research report on Monday, March 19th. JPMorgan Chase restated an “overweight” rating and set a $130.00 price target (up from $118.00) on shares of EPAM Systems in a research report on Friday, March 16th. Zacks Investment Research upgraded shares of EPAM Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. Finally, KeyCorp reaffirmed an “overweight” rating and set a $132.00 price objective (up from $123.00) on shares of EPAM Systems in a research note on Tuesday, February 20th.

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NYSE:EPAM traded down $0.40 during midday trading on Friday, hitting $117.83. The company had a trading volume of 92,687 shares, compared to its average volume of 305,740. EPAM Systems has a 52-week low of $73.86 and a 52-week high of $125.88. The firm has a market capitalization of $6,073.59, a PE ratio of 41.48, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.31 and a current ratio of 5.31.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. EPAM Systems had a net margin of 5.02% and a return on equity of 16.52%. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $395.78 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. sell-side analysts forecast that EPAM Systems will post 3.33 EPS for the current fiscal year.

In related news, Director Richard Michael Mayoras sold 2,500 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total value of $286,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.17% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC grew its holdings in EPAM Systems by 0.8% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 378,825 shares of the information technology services provider’s stock worth $40,697,000 after purchasing an additional 2,900 shares during the period. Xact Kapitalforvaltning AB purchased a new stake in EPAM Systems in the fourth quarter worth about $465,000. We Are One Seven LLC purchased a new stake in EPAM Systems in the fourth quarter worth about $273,000. MetLife Investment Advisors LLC purchased a new stake in EPAM Systems in the fourth quarter worth about $2,401,000. Finally, Zeke Capital Advisors LLC purchased a new stake in EPAM Systems in the fourth quarter worth about $255,000. 91.51% of the stock is owned by institutional investors.

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About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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