EPAM Systems, Inc. (NYSE:EPAM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been assigned an average recommendation of “Moderate Buy” from the twenty brokerages that are covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $258.32.

Several research analysts have recently weighed in on EPAM shares. The Goldman Sachs Group initiated coverage on EPAM Systems in a research report on Monday, June 24th. They set a “neutral” rating and a $200.00 price objective for the company. Susquehanna reduced their price target on EPAM Systems from $260.00 to $240.00 and set a “positive” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group lifted their price objective on shares of EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a report on Monday, September 9th. Piper Sandler reissued an “overweight” rating and issued a $225.00 price objective on shares of EPAM Systems in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP raised its position in shares of EPAM Systems by 88.5% in the fourth quarter. Wellington Management Group LLP now owns 98,779 shares of the information technology services provider’s stock valued at $29,371,000 after purchasing an additional 46,363 shares during the period. Vanguard Group Inc. raised its holdings in EPAM Systems by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 6,825,592 shares of the information technology services provider’s stock valued at $2,029,522,000 after acquiring an additional 34,575 shares during the period. Symmetry Partners LLC lifted its position in EPAM Systems by 10.0% during the first quarter. Symmetry Partners LLC now owns 1,479 shares of the information technology services provider’s stock worth $408,000 after acquiring an additional 134 shares during the last quarter. Mather Group LLC. bought a new stake in shares of EPAM Systems during the first quarter worth approximately $87,000. Finally, Czech National Bank grew its position in shares of EPAM Systems by 0.5% in the first quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock valued at $2,804,000 after purchasing an additional 46 shares during the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $200.00 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $317.50. The company’s 50 day moving average price is $199.28 and its two-hundred day moving average price is $203.32. The company has a market capitalization of $11.59 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 4.26 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.19. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the business posted $2.21 earnings per share. On average, analysts expect that EPAM Systems will post 8.08 earnings per share for the current fiscal year.

EPAM Systems declared that its Board of Directors has approved a stock buyback program on Thursday, August 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.