EPAM Systems, Inc. (NYSE:EPAM) Receives $258.32 Consensus Target Price from Brokerages

EPAM Systems, Inc. (NYSE:EPAM) has been given an average recommendation of “Moderate Buy” by the twenty analysts that are currently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $258.32.

A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on EPAM Systems from $237.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, September 9th. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and set a $225.00 price objective on shares of EPAM Systems in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 target price on the stock. Finally, Susquehanna lowered 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.

EPAM Systems Price Performance

EPAM stock opened at $200.58 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. The firm has a market cap of $11.63 billion, a P/E ratio of 27.44, a P/E/G ratio of 4.36 and a beta of 1.45. The firm’s fifty day moving average is $202.36 and its 200 day moving average is $214.68. EPAM Systems has a 52 week low of $169.43 and a 52 week high of $317.50.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, topping the consensus estimate of $2.26 by $0.19. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a return on equity of 14.31% and a net margin of 8.86%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.21 earnings per share. Research analysts predict that EPAM Systems will post 8.07 earnings per share for the current year.

EPAM Systems announced that its Board of Directors has authorized a share buyback program on Thursday, August 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On EPAM Systems

Several large investors have recently made changes to their positions in EPAM. ORG Partners LLC increased its position in EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 150 shares in the last quarter. Riverview Trust Co bought a new position in shares of EPAM Systems during the first quarter valued at $29,000. Opal Wealth Advisors LLC purchased a new position in shares of EPAM Systems in the 2nd quarter worth about $29,000. Principal Securities Inc. bought a new position in EPAM Systems in the 4th quarter worth about $43,000. Finally, Whittier Trust Co. bought a new stake in EPAM Systems during the 1st quarter valued at about $64,000. 91.58% of the stock is currently owned by hedge funds and other 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.