Analysts Set EPAM Systems, Inc. (NYSE:EPAM) Target Price at $231.73

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $231.7333.

EPAM has been the topic of several recent research reports. Susquehanna lowered their price objective on EPAM Systems from $270.00 to $210.00 and set a “positive” rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on EPAM Systems from $275.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley lowered their price objective on EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, May 9th. Piper Sandler increased their price objective on EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on EPAM Systems in a research report on Thursday, July 17th. They set a “hold” rating and a $171.00 price objective on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brighton Jones LLC acquired a new stake in shares of EPAM Systems during the fourth quarter valued at about $218,000. Federated Hermes Inc. boosted its stake in shares of EPAM Systems by 53.5% during the fourth quarter. Federated Hermes Inc. now owns 4,205 shares of the information technology services provider’s stock valued at $983,000 after purchasing an additional 1,465 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of EPAM Systems by 415.6% during the fourth quarter. Advisory Services Network LLC now owns 2,284 shares of the information technology services provider’s stock valued at $534,000 after purchasing an additional 1,841 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of EPAM Systems during the fourth quarter valued at about $217,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of EPAM Systems during the fourth quarter valued at about $27,916,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.9%

EPAM stock opened at $157.92 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 2.35 and a beta of 1.67. The business’s fifty day moving average price is $168.12 and its two-hundred day moving average price is $180.52. EPAM Systems has a fifty-two week low of $138.15 and a fifty-two week high of $269.00.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.16. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.45 EPS. On average, equities analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

EPAM Systems Company Profile

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.