Credit Suisse Group cut shares of EPAM Systems (NYSE:EPAM) from an outperform rating to a neutral rating in a research note released on Tuesday morning.
A number of other brokerages also recently commented on EPAM. Stifel Nicolaus reiterated a buy rating and set a $135.00 price target (up from $105.00) on shares of EPAM Systems in a report on Friday, February 16th. Cantor Fitzgerald boosted their target price on shares of EPAM Systems to $130.00 and gave the company an overweight rating in a report on Monday. Pivotal Research set a $135.00 target price on shares of EPAM Systems and gave the company a buy rating in a report on Friday, February 16th. Zacks Investment Research downgraded shares of EPAM Systems from a hold rating to a sell rating in a report on Tuesday, February 13th. Finally, UBS Group downgraded shares of EPAM Systems from a buy rating to a neutral rating and boosted their target price for the company from $105.00 to $110.00 in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $111.44.
Shares of EPAM Systems (NYSE:EPAM) opened at $113.85 on Tuesday. The company has a market cap of $5,980.00, a PE ratio of 41.86, a PEG ratio of 1.74 and a beta of 0.93. EPAM Systems has a twelve month low of $70.22 and a twelve month high of $119.18. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.03.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Friday, February 16th. The information technology services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $399.30 million during the quarter, compared to the consensus estimate of $395.78 million. EPAM Systems had a net margin of 5.02% and a return on equity of 16.80%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 earnings per share. research analysts predict that EPAM Systems will post 3.32 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in EPAM. BlackRock Inc. grew its stake in EPAM Systems by 8.3% during the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock worth $359,349,000 after buying an additional 256,217 shares during the period. JPMorgan Chase & Co. grew its stake in EPAM Systems by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock worth $268,840,000 after buying an additional 119,230 shares during the period. State Street Corp grew its stake in EPAM Systems by 6.5% during the second quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock worth $81,460,000 after buying an additional 59,511 shares during the period. Canada Pension Plan Investment Board grew its stake in EPAM Systems by 87.4% during the third quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock worth $81,470,000 after buying an additional 432,237 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in EPAM Systems by 1.5% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 625,624 shares of the information technology services provider’s stock worth $55,011,000 after buying an additional 8,999 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.
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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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