EPAM Systems, Inc. (NYSE:EPAM – Get Free Report) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $308.73.
EPAM has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Citigroup increased their price objective on shares of EPAM Systems from $250.00 to $312.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Mizuho initiated coverage on shares of EPAM Systems in a report on Tuesday, January 30th. They set a “buy” rating and a $340.00 target price on the stock. Morgan Stanley lowered shares of EPAM Systems from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $235.00 to $250.00 in a report on Wednesday, January 24th. Finally, HSBC upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, January 8th.
Insiders Place Their Bets
Hedge Funds Weigh In On EPAM Systems
Institutional investors have recently modified their holdings of the company. Capital Research Global Investors boosted its stake in shares of EPAM Systems by 9.6% in the second quarter. Capital Research Global Investors now owns 7,499,194 shares of the information technology services provider’s stock valued at $1,685,444,000 after purchasing an additional 657,883 shares during the period. Vanguard Group Inc. grew its position in EPAM Systems by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,791,017 shares of the information technology services provider’s stock valued at $1,736,395,000 after buying an additional 19,130 shares in the last quarter. BlackRock Inc. grew its position in EPAM Systems by 9.7% in the 2nd quarter. BlackRock Inc. now owns 4,358,373 shares of the information technology services provider’s stock valued at $979,544,000 after buying an additional 385,196 shares in the last quarter. State Street Corp grew its position in EPAM Systems by 9.1% in the 1st quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock valued at $733,197,000 after buying an additional 206,636 shares in the last quarter. Finally, Capital World Investors grew its position in EPAM Systems by 2.2% in the 1st quarter. Capital World Investors now owns 1,764,856 shares of the information technology services provider’s stock valued at $523,474,000 after buying an additional 38,642 shares in the last quarter. Institutional investors and hedge funds own 90.88% of the company’s stock.
EPAM Systems Stock Performance
EPAM Systems stock opened at $290.81 on Thursday. The firm has a 50 day simple moving average of $290.11 and a 200-day simple moving average of $261.91. EPAM Systems has a 1-year low of $197.99 and a 1-year high of $368.68. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.77 and a quick ratio of 4.77. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 6.93 and a beta of 1.46.
EPAM Systems Company Profile
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, and maintenance with private, public, and infrastructure management for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
- Five stocks we like better than EPAM Systems
- The 3 Best Retail Stocks to Shop for in August
- 3 attractive stocks that insiders are buying
- What is a buyback in stocks? A comprehensive guide for investors
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter.