EPAM Systems (NYSE:EPAM) Price Target Raised to $215.00

EPAM Systems (NYSE:EPAM) had its price objective increased by Barclays from $200.00 to $215.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

EPAM has been the subject of a number of other research reports. Scotiabank cut their price objective on EPAM Systems from $250.00 to $200.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 29th. Piper Sandler raised their price objective on EPAM Systems from $170.00 to $194.00 and gave the company a “neutral” rating in a research report on Friday, May 9th. Needham & Company LLC raised their price objective on EPAM Systems from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Susquehanna cut their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a research report on Wednesday, April 23rd. Finally, Guggenheim raised their price objective on EPAM Systems from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.50.

EPAM Systems Trading Down 1.4%

Shares of EPAM stock opened at $184.29 on Monday. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00. 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 has a market capitalization of $10.52 billion, a PE ratio of 23.51, a PEG ratio of 3.38 and a beta of 1.71. The stock has a fifty day simple moving average of $165.05 and a two-hundred day simple moving average of $210.80.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $2.46 EPS. EPAM Systems’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts predict that EPAM Systems will post 8.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EPAM. EverSource Wealth Advisors LLC boosted its position in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of EPAM Systems by 2,500.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 125 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of EPAM Systems in the first quarter valued at approximately $33,000. TD Private Client Wealth LLC boosted its holdings in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 69 shares during the period. Finally, CX Institutional purchased a new stake in shares of EPAM Systems in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.