EPAM Systems (NYSE:EPAM) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of EPAM Systems (NYSE:EPAM) in a report released on Monday, MarketBeat reports. The firm issued a neutral rating and a $200.00 price target on the information technology services provider’s stock.

Several other research analysts have also recently commented on EPAM. Redburn Atlantic assumed coverage on EPAM Systems in a research note on Friday, May 24th. They issued a neutral rating and a $195.00 price target on the stock. Wolfe Research downgraded shares of EPAM Systems from an outperform rating to a peer perform rating in a report on Friday, May 17th. Citigroup decreased their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a neutral rating for the company in a report on Monday, April 22nd. Scotiabank downgraded shares of EPAM Systems from a sector outperform rating to a sector perform rating and decreased their price objective for the stock from $300.00 to $245.00 in a report on Friday, May 10th. Finally, Wedbush reaffirmed an outperform rating and issued a $340.00 price objective on shares of EPAM Systems in a report on Wednesday, April 10th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, EPAM Systems currently has an average rating of Hold and a consensus price target of $272.11.

EPAM Systems Trading Up 0.4 %

Shares of EPAM opened at $182.65 on Monday. The stock’s 50-day moving average is $199.59 and its two-hundred day moving average is $258.33. The stock has a market cap of $10.59 billion, a PE ratio of 24.99, a P/E/G ratio of 4.21 and a beta of 1.42. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Equities analysts forecast that EPAM Systems will post 7.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis Advisors L.P. raised its stake in shares of EPAM Systems by 5.1% during the third quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock valued at $7,210,000 after purchasing an additional 1,370 shares in the last quarter. Lone Pine Capital LLC raised its position in EPAM Systems by 9.2% in the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock worth $269,556,000 after acquiring an additional 88,641 shares in the last quarter. Flossbach Von Storch AG raised its position in EPAM Systems by 46.7% in the fourth quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock worth $3,271,000 after acquiring an additional 3,500 shares in the last quarter. Wellington Management Group LLP bought a new stake in EPAM Systems in the third quarter worth about $13,402,000. Finally, Charles Schwab Investment Management Inc. raised its position in EPAM Systems by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 394,211 shares of the information technology services provider’s stock worth $117,215,000 after acquiring an additional 17,609 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. 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, performance tuning, deployment, maintenance, and support services.