EPAM Systems, Inc. (NYSE:EPAM) Receives $258.32 Consensus Target Price from Analysts

EPAM Systems, Inc. (NYSE:EPAM) has received an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $258.32.

EPAM has been the topic of a number of research reports. Itau BBA Securities raised shares of EPAM Systems from an “underperform” rating to a “market perform” rating in a research note on Friday, August 9th. Barclays boosted their price objective on EPAM Systems from $200.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their target price on EPAM Systems from $222.00 to $262.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Susquehanna cut their price target on EPAM Systems from $260.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price objective for the company.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its stake in EPAM Systems by 14,325.2% during the second quarter. Pacer Advisors Inc. now owns 657,070 shares of the information technology services provider’s stock worth $123,601,000 after purchasing an additional 652,515 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of EPAM Systems in the 2nd quarter valued at $84,850,000. TD Asset Management Inc lifted its position in shares of EPAM Systems by 80.0% during the 2nd quarter. TD Asset Management Inc now owns 595,486 shares of the information technology services provider’s stock valued at $112,017,000 after acquiring an additional 264,570 shares during the period. Acadian Asset Management LLC boosted its stake in EPAM Systems by 47,294.2% during the second quarter. Acadian Asset Management LLC now owns 189,103 shares of the information technology services provider’s stock worth $35,560,000 after acquiring an additional 188,704 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its holdings in EPAM Systems by 97.7% in the second quarter. Epoch Investment Partners Inc. now owns 338,667 shares of the information technology services provider’s stock worth $63,707,000 after purchasing an additional 167,343 shares during the period. 91.58% of the stock is owned by institutional investors.

EPAM Systems Trading Up 1.6 %

Shares of EPAM opened at $201.58 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. EPAM Systems has a 52-week low of $169.43 and a 52-week high of $317.50. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 4.26 and a beta of 1.45. The business’s fifty day moving average is $199.06 and its 200-day moving average is $204.69.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.26 by $0.19. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $2.21 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. Equities analysts anticipate that EPAM Systems will post 8.08 EPS for the current fiscal year.

EPAM Systems announced that its Board of Directors has authorized a share buyback program on Thursday, August 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

EPAM Systems Company Profile

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.