Brokerages Set EPAM Systems, Inc. (NYSE:EPAM) PT at $270.28

Shares of EPAM Systems, Inc. (NYSE:EPAM) have earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $270.28.

Several equities research analysts have commented on the stock. Citigroup dropped their price target on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Wedbush restated an “outperform” rating and issued a $340.00 price target on shares of EPAM Systems in a research note on Wednesday, April 10th. TD Cowen dropped their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Piper Sandler dropped their price target on shares of EPAM Systems from $252.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, June 13th. Finally, Redburn Atlantic started coverage on shares of EPAM Systems in a research note on Friday, May 24th. They set a “neutral” rating and a $195.00 price objective on the stock.

EPAM Systems Price Performance

EPAM opened at $202.12 on Thursday. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 27.65, a price-to-earnings-growth ratio of 4.97 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 company’s 50-day moving average price is $189.83 and its 200 day moving average price is $239.31. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share 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 for the quarter, compared to analyst estimates of $1.16 billion. As a group, sell-side analysts expect that EPAM Systems will post 7.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. raised its stake in EPAM Systems by 3.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock worth $367,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. increased its holdings in EPAM Systems by 0.8% in the 1st quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock valued at $1,641,000 after buying an additional 46 shares during the period. Czech National Bank increased its holdings in EPAM Systems by 0.5% in the 1st quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock valued at $2,804,000 after buying an additional 46 shares during the period. Meridian Management Co. grew its holdings in shares of EPAM Systems by 0.6% during the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock valued at $2,372,000 after purchasing an additional 48 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of EPAM Systems by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

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.