EPAM Systems, Inc. (NYSE:EPAM) Stock Has Consensus Target Price of $122.53 According to Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given an average recommendation of “Hold” by the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $143.73.

Several research analysts have issued reports on EPAM shares. JPMorgan Chase & Co. cut shares of EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Wednesday, August 26th. Stifel Nicolaus set a $135.00 price target on shares of EPAM Systems in a research report on Thursday, August 6th. Truist Financial increased their price objective on shares of EPAM Systems from $110.00 to $150.00 and gave the company a “hold” rating in a research note on Friday, November 6th. Weiss Ratings upgraded shares of EPAM Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Needham & Company LLC lifted their price objective on shares of EPAM Systems from $120.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 5th.

EPAM Systems Trading Up 4.4%

Shares of NYSE EPAM opened at $163.68 on Wednesday. EPAM Systems has a twelve month low of $73.06 and a twelve month high of $222.53. The firm has a market cap of $8.35 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. The business has a fifty day simple moving average of $123.61 and a two-hundred day simple moving average of $120.84. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, November 5th. The information technology services provider reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.10. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. EPAM Systems had a return on equity of 16.76% and a net margin of 7.53%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.08 EPS. Analysts expect that EPAM Systems will post 10.49 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC lifted its position in shares of EPAM Systems by 23.0% during the second quarter. Tidal Investments LLC now owns 79,826 shares of the information technology services provider’s stock valued at $6,334,000 after buying an additional 14,917 shares during the last quarter. Bank Hapoalim BM bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $1,491,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of EPAM Systems by 7.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,586 shares of the information technology services provider’s stock valued at $47,199,000 after buying an additional 25,152 shares in the last quarter. Bank of America Corp DE grew its position in shares of EPAM Systems by 15.9% in the 1st quarter. Bank of America Corp DE now owns 624,699 shares of the information technology services provider’s stock worth $84,584,000 after buying an additional 85,480 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of EPAM Systems by 82.2% in the 1st quarter. Lazard Asset Management LLC now owns 39,326 shares of the information technology services provider’s stock worth $5,325,000 after buying an additional 17,737 shares during the last quarter. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems is a global provider of software engineering, digital transformation and consulting services. The company helps businesses design, build and maintain software products and digital platforms, and offers services in areas such as cloud computing, data and artificial intelligence, and cybersecurity. Founded in 1993 by Arkadiy Dobkin, EPAM has grown from a software development firm into a technology services company serving clients across the Americas, Europe and Asia-Pacific. It works with organizations in industries including financial services, healthcare, retail and technology.