Analysts Set EPAM Systems, Inc. (NYSE:EPAM) PT at $328.00

Shares of EPAM Systems, Inc. (NYSE:EPAM) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $328.00.

A number of brokerages recently commented on EPAM. Guggenheim began coverage on EPAM Systems in a research note on Tuesday, March 19th. They set a “buy” rating and a $350.00 price objective for the company. Piper Sandler reiterated an “overweight” rating and issued a $369.00 price target on shares of EPAM Systems in a research report on Monday, March 4th. Susquehanna boosted their price objective on shares of EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a report on Friday, February 16th. Mizuho increased their target price on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $340.00 price objective on shares of EPAM Systems in a research report on Wednesday, April 10th.

Insider Activity at EPAM Systems

In related news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares in the company, valued at approximately $4,025,934.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the transaction, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock worth $5,101,117 in the last ninety days. 4.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On EPAM Systems

Large investors have recently bought and sold shares of the company. Equitable Trust Co. lifted its holdings in shares of EPAM Systems by 0.8% during the 1st quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock worth $1,641,000 after acquiring an additional 46 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in EPAM Systems by 22.6% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,583 shares of the information technology services provider’s stock worth $2,094,000 after purchasing an additional 1,400 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of EPAM Systems by 29.1% in the 1st quarter. V Square Quantitative Management LLC now owns 1,068 shares of the information technology services provider’s stock valued at $295,000 after purchasing an additional 241 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of EPAM Systems by 116.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 169,051 shares of the information technology services provider’s stock valued at $46,685,000 after purchasing an additional 90,895 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of EPAM Systems by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 1,725 shares of the information technology services provider’s stock worth $476,000 after buying an additional 101 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

EPAM Systems stock opened at $237.13 on Tuesday. The firm has a market capitalization of $13.75 billion, a P/E ratio of 33.59, a P/E/G ratio of 10.81 and a beta of 1.43. The stock has a fifty day moving average price of $283.71 and a two-hundred day moving average price of $273.69. EPAM Systems has a 52-week low of $197.99 and a 52-week high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.71 EPS. As a group, analysts anticipate that EPAM Systems will post 7.72 EPS for the current fiscal year.

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.