EPAM Systems (NYSE:EPAM) Research Coverage Started at Barclays

Barclays assumed coverage on shares of EPAM Systems (NYSE:EPAM) in a report issued on Friday, BenzingaRatingsTable reports. The firm issued an overweight rating and a $214.00 price objective on the information technology services provider’s stock.

Several other research analysts have also issued reports on the company. Zacks Investment Research upgraded EPAM Systems from a hold rating to a buy rating and set a $199.00 price target on the stock in a research report on Wednesday, August 14th. Cantor Fitzgerald raised their price target on EPAM Systems from $187.00 to $212.00 and gave the stock an overweight rating in a research report on Friday, August 9th. Finally, Cowen raised their price target on EPAM Systems from $180.00 to $210.00 and gave the stock a positive rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $179.80.

NYSE:EPAM opened at $184.76 on Friday. EPAM Systems has a 12-month low of $104.77 and a 12-month high of $201.00. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $10.16 billion, a P/E ratio of 47.25, a P/E/G ratio of 2.12 and a beta of 1.43. The stock’s fifty day simple moving average is $187.26 and its 200-day simple moving average is $178.40.



EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.08. EPAM Systems had a return on equity of 18.90% and a net margin of 11.98%. The business had revenue of $551.60 million for the quarter, compared to analyst estimates of $549.84 million. During the same period last year, the company earned $1.01 EPS. The firm’s revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts expect that EPAM Systems will post 4.36 earnings per share for the current year.

In other EPAM Systems news, CMO Elaina Shekhter sold 2,800 shares of EPAM Systems stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $195.00, for a total transaction of $546,000.00. Following the transaction, the chief marketing officer now directly owns 10,459 shares in the company, valued at $2,039,505. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 3,469 shares of EPAM Systems stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $186.92, for a total value of $648,425.48. Following the transaction, the chief financial officer now owns 15,473 shares in the company, valued at $2,892,213.16. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in shares of EPAM Systems by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 505,525 shares of the information technology services provider’s stock valued at $58,645,000 after purchasing an additional 34,566 shares during the period. Comerica Bank raised its stake in shares of EPAM Systems by 21.6% in the 1st quarter. Comerica Bank now owns 2,700 shares of the information technology services provider’s stock valued at $462,000 after purchasing an additional 480 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of EPAM Systems by 0.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,178 shares of the information technology services provider’s stock valued at $5,442,000 after purchasing an additional 111 shares during the period. Raymond James & Associates raised its stake in shares of EPAM Systems by 190.8% in the 1st quarter. Raymond James & Associates now owns 37,477 shares of the information technology services provider’s stock valued at $6,338,000 after purchasing an additional 24,588 shares during the period. Finally, New York State Common Retirement Fund raised its stake in shares of EPAM Systems by 1.0% in the 1st quarter. New York State Common Retirement Fund now owns 102,484 shares of the information technology services provider’s stock valued at $17,333,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 90.53% of the company’s stock.

EPAM Systems Company Profile

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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