EPAM Systems (NYSE:EPAM)‘s stock had its “overweight” rating restated by KeyCorp in a report issued on Tuesday, The Fly reports. They currently have a $132.00 price target on the information technology services provider’s stock, up from their prior price target of $123.00. KeyCorp’s price objective indicates a potential upside of 14.83% from the stock’s current price.
A number of other brokerages have also recently issued reports on EPAM. Stifel Nicolaus restated a “buy” rating on shares of EPAM Systems in a report on Friday. Cantor Fitzgerald boosted their price objective on shares of EPAM Systems to $130.00 and gave the company an “overweight” rating in a report on Monday. Credit Suisse Group cut shares of EPAM Systems from an “outperform” rating to a “neutral” rating in a report on Tuesday. Pivotal Research set a $135.00 price objective on shares of EPAM Systems and gave the company a “buy” rating in a report on Friday. Finally, Zacks Investment Research cut shares of EPAM Systems from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. EPAM Systems currently has an average rating of “Buy” and a consensus price target of $109.87.
Shares of EPAM Systems (NYSE EPAM) opened at $114.95 on Tuesday. The firm has a market cap of $6,070.81, a P/E ratio of 87.75, a P/E/G ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56. EPAM Systems has a 12 month low of $69.62 and a 12 month high of $119.18.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.80%. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 earnings per share. analysts predict that EPAM Systems will post 3.32 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of EPAM Systems by 8.3% in the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock valued at $359,349,000 after buying an additional 256,217 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EPAM Systems by 3.9% in the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock valued at $268,840,000 after buying an additional 119,230 shares during the period. State Street Corp boosted its holdings in shares of EPAM Systems by 6.5% in the second quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock valued at $81,460,000 after buying an additional 59,511 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of EPAM Systems by 87.4% in the third quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock valued at $81,470,000 after buying an additional 432,237 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of EPAM Systems by 1.5% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 625,624 shares of the information technology services provider’s stock valued at $55,011,000 after buying an additional 8,999 shares during the period. Institutional investors own 90.23% of the company’s stock.
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About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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