EPAM Systems (EPAM) PT Raised to $146.00

EPAM Systems (NYSE:EPAM) had its price objective increased by research analysts at Cantor Fitzgerald from $139.00 to $146.00 in a note issued to investors on Friday, The Fly reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 15.60% from the stock’s previous close.

Several other research firms also recently weighed in on EPAM. Zacks Investment Research downgraded shares of EPAM Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Citigroup lifted their target price on shares of EPAM Systems from $142.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, October 5th. Wedbush lifted their target price on shares of EPAM Systems from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Bank of America downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $134.00 to $147.00 in a research report on Tuesday, September 4th. Finally, KeyCorp dropped their target price on shares of EPAM Systems from $146.00 to $144.00 and set an “overweight” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $140.13.

Shares of EPAM Systems stock traded down $1.30 during trading on Friday, hitting $126.30. The stock had a trading volume of 464,555 shares, compared to its average volume of 375,825. The company has a market cap of $6.79 billion, a P/E ratio of 44.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.65 and a quick ratio of 5.65. EPAM Systems has a 1 year low of $96.11 and a 1 year high of $144.19.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.33. The business had revenue of $468.20 million for the quarter, compared to the consensus estimate of $466.97 million. EPAM Systems had a net margin of 8.60% and a return on equity of 19.87%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, analysts expect that EPAM Systems will post 3.19 EPS for the current fiscal year.

In related news, SVP Boris Shnayder sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $130.86, for a total transaction of $392,580.00. Following the completion of the sale, the senior vice president now directly owns 25,508 shares in the company, valued at $3,337,976.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $142.98, for a total transaction of $2,859,600.00. Following the sale, the senior vice president now owns 29,258 shares of the company’s stock, valued at $4,183,308.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,680 shares of company stock valued at $5,876,795. 5.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of EPAM. TRUE Private Wealth Advisors acquired a new stake in EPAM Systems in the third quarter valued at approximately $166,000. North Star Asset Management Inc. acquired a new stake in EPAM Systems in the third quarter valued at approximately $207,000. Capital One National Association acquired a new stake in EPAM Systems in the second quarter valued at approximately $208,000. Oakbrook Investments LLC acquired a new stake in EPAM Systems in the third quarter valued at approximately $213,000. Finally, World Asset Management Inc acquired a new stake in EPAM Systems in the second quarter valued at approximately $221,000. Institutional investors and hedge funds own 90.04% 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, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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