EPAM Systems (NYSE:EPAM) PT Raised to $225.00

EPAM Systems (NYSE:EPAM) had its price objective raised by Barclays from $200.00 to $225.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the information technology services provider’s stock.

A number of other brokerages also recently issued reports on EPAM. Wedbush reissued an outperform rating and issued a $340.00 price objective on shares of EPAM Systems in a research note on Wednesday, April 10th. Jefferies Financial Group raised shares of EPAM Systems from a hold rating to a buy rating and raised their price objective for the stock from $202.00 to $237.00 in a research report on Tuesday, July 16th. Mizuho dropped their target price on shares of EPAM Systems from $345.00 to $258.00 and set a buy rating on the stock in a research report on Tuesday, May 14th. JPMorgan Chase & Co. reduced their price target on shares of EPAM Systems from $331.00 to $311.00 and set an overweight rating for the company in a report on Thursday, May 2nd. Finally, Needham & Company LLC dropped their price objective on shares of EPAM Systems from $350.00 to $210.00 and set a buy rating on the stock in a report on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $270.28.

EPAM Systems Stock Performance

Shares of EPAM Systems stock opened at $211.05 on Tuesday. The company’s fifty day moving average is $186.45 and its 200 day moving average is $244.52. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 4.74 and a beta of 1.45. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $317.50.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Sell-side analysts forecast that EPAM Systems will post 7.81 EPS for the current year.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems in the 4th quarter worth about $25,000. Riverview Trust Co bought a new position in EPAM Systems in the 1st quarter valued at $29,000. Principal Securities Inc. purchased a new position in shares of EPAM Systems during the 4th quarter valued at $43,000. ORG Partners LLC increased its holdings in shares of EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 150 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of EPAM Systems in the second quarter worth $29,000. 91.58% of the stock is currently owned by institutional investors.

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.