EPAM Systems (NYSE:EPAM) received a $115.00 price target from equities research analysts at Cowen in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Cowen’s price objective indicates a potential upside of 12.84% from the company’s current price.
A number of other research analysts have also weighed in on EPAM. Pivotal Research assumed coverage on shares of EPAM Systems in a research report on Tuesday, December 5th. They set a “buy” rating and a $120.00 price target on the stock. BidaskClub raised shares of EPAM Systems from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Jefferies Group set a $95.00 price target on shares of EPAM Systems and gave the company a “buy” rating in a research report on Thursday, August 17th. UBS lowered shares of EPAM Systems from a “buy” rating to a “neutral” rating and raised their price target for the company from $105.00 to $110.00 in a research report on Wednesday, November 29th. Finally, Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $101.40.
EPAM Systems (EPAM) traded up $1.84 during trading on Monday, hitting $101.91. 263,600 shares of the company’s stock were exchanged, compared to its average volume of 334,634. EPAM Systems has a 12-month low of $61.74 and a 12-month high of $107.91. The company has a market capitalization of $5,382.13, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The firm had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. During the same period last year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. sell-side analysts forecast that EPAM Systems will post 2.68 earnings per share for the current fiscal year.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $82.66, for a total value of $413,300.00. Following the sale, the chief executive officer now owns 2,080,851 shares of the company’s stock, valued at $172,003,143.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 300,109 shares of company stock worth $28,716,315. Insiders own 6.17% of the company’s stock.
A number of hedge funds have recently made changes to their positions in EPAM. Acrospire Investment Management LLC bought a new stake in EPAM Systems in the second quarter worth about $101,000. Jacobi Capital Management LLC purchased a new position in shares of EPAM Systems in the second quarter worth about $119,000. PNC Financial Services Group Inc. increased its stake in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 378 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 166 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 1,974 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.
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About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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