EPAM Systems, Inc. (NYSE:EPAM) Given Consensus Rating of “Moderate Buy” by Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been given an average rating of “Moderate Buy” by the nineteen brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $269.83.

Several equities research analysts have recently weighed in on the company. Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Susquehanna raised their target price on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday.

EPAM Systems Stock Down 7.2 %

Shares of EPAM Systems stock opened at $208.98 on Monday. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $11.85 billion, a P/E ratio of 26.66, a PEG ratio of 3.38 and a beta of 1.51. The stock has a 50 day moving average price of $243.56 and a two-hundred day moving average price of $222.44.

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 for the quarter, missing the consensus estimate of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equities analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

Insider Activity

In other news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now owns 23,382 shares of the company’s stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPAM. Norges Bank acquired a new stake in EPAM Systems in the fourth quarter worth about $173,053,000. William Blair Investment Management LLC acquired a new stake in EPAM Systems in the fourth quarter worth about $166,906,000. Ameriprise Financial Inc. increased its position in EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock worth $510,053,000 after purchasing an additional 620,551 shares during the period. Marshall Wace LLP increased its position in EPAM Systems by 126.4% in the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock worth $179,944,000 after purchasing an additional 429,644 shares during the period. Finally, Capital World Investors increased its position in EPAM Systems by 22.0% in the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after purchasing an additional 414,942 shares during the period. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.