Shares of EPAM Systems, Inc. (NYSE:EPAM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twenty research firms that are currently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $258.32.
Several equities research analysts recently issued reports on EPAM shares. Barclays lifted their price target on shares of EPAM Systems from $200.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 23rd. Itau BBA Securities raised shares of EPAM Systems from an "underperform" rating to a "market perform" rating in a report on Friday, August 9th. Jefferies Financial Group increased their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, September 9th. The Goldman Sachs Group assumed coverage on shares of EPAM Systems in a research report on Monday, June 24th. They issued a "neutral" rating and a $200.00 target price for the company. Finally, Susquehanna reduced their price target on shares of EPAM Systems from $260.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, August 9th.
View Our Latest Stock Analysis on EPAM Systems
Several institutional investors and hedge funds have recently modified their holdings of the business. ORG Partners LLC increased its stake in shares of EPAM Systems by 5,000.0% during the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 150 shares during the period. Riverview Trust Co purchased a new position in EPAM Systems during the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC purchased a new position in EPAM Systems during the 2nd quarter worth approximately $29,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in EPAM Systems during the 1st quarter worth approximately $64,000. Institutional investors own 91.58% of the company's stock.
NYSE:EPAM opened at $198.00 on Tuesday. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.48 billion, a P/E ratio of 27.09, a P/E/G ratio of 4.26 and a beta of 1.45. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The firm's 50 day moving average is $199.09 and its two-hundred day moving average is $205.82.
EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, August 8th. The information technology services provider reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.19. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.21 earnings per share. Analysts expect that EPAM Systems will post 8.08 EPS for the current year.
EPAM Systems announced that its Board of Directors has approved a stock repurchase plan on Thursday, August 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
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.
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