EPAM Systems (NYSE:EPAM)‘s stock had its “overweight” rating reissued by equities research analysts at KeyCorp in a research note issued on Tuesday. They presently have a $132.00 price objective on the information technology services provider’s stock, up from their prior price objective of $123.00. KeyCorp’s price objective suggests a potential upside of 16.77% from the company’s current price.
A number of other equities research analysts have also weighed in on EPAM. Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Pivotal Research set a $135.00 target price on shares of EPAM Systems and gave the company a “buy” rating in a research note on Friday, February 16th. Stifel Nicolaus reiterated a “buy” rating and set a $135.00 target price (up from $105.00) on shares of EPAM Systems in a research note on Friday, February 16th. UBS Group lowered 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 research note on Wednesday, November 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price (up from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $113.94.
EPAM Systems (NYSE:EPAM) opened at $113.04 on Tuesday. EPAM Systems has a 1-year low of $70.22 and a 1-year high of $119.18. The firm has a market cap of $5,940.00, a P/E ratio of 41.56, a P/E/G ratio of 1.74 and a beta of 0.93. 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 announced its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. EPAM Systems had a net margin of 5.02% and a return on equity of 16.80%. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $395.78 million. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. analysts anticipate that EPAM Systems will post 3.32 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new stake in shares of EPAM Systems during the 4th quarter valued at $465,000. We Are One Seven LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at $273,000. MetLife Investment Advisors LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at $2,401,000. Zeke Capital Advisors LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at $255,000. Finally, LPL Financial LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at $262,000. 90.23% of the stock is owned by hedge funds and other institutional investors.
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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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