Epam Systems Inc. (NYSE:EPAM) has been given a consensus rating of “Buy” by the twelve ratings firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $79.90.
EPAM has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $75.00 price target on shares of Epam Systems in a research note on Monday, September 12th. Wedbush initiated coverage on Epam Systems in a research note on Thursday, September 8th. They issued an “outperform” rating and a $82.00 price target for the company. Needham & Company LLC lowered their price target on Epam Systems from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Barclays PLC reiterated an “equal weight” rating and issued a $70.00 price objective (down from $75.00) on shares of Epam Systems in a research report on Tuesday, November 8th. Finally, Zacks Investment Research lowered Epam Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 31st.
Epam Systems (NYSE:EPAM) traded down 1.36% during mid-day trading on Friday, hitting $66.62. 142,046 shares of the company traded hands. The company’s 50-day moving average price is $64.35 and its 200 day moving average price is $68.02. Epam Systems has a one year low of $54.53 and a one year high of $84.41. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 34.73 and a beta of 1.26.
Epam Systems (NYSE:EPAM) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The company earned $298.30 million during the quarter, compared to analysts’ expectations of $296.12 million. Epam Systems had a return on equity of 12.66% and a net margin of 9.23%. Epam Systems’s revenue was up 26.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. On average, analysts anticipate that Epam Systems will post $2.87 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in Epam Systems by 1,498.1% in the second quarter. Alliancebernstein L.P. now owns 1,305,625 shares of the company’s stock worth $83,965,000 after buying an additional 1,223,925 shares during the period. JPMorgan Chase & Co. increased its stake in Epam Systems by 28.3% in the third quarter. JPMorgan Chase & Co. now owns 3,725,149 shares of the company’s stock valued at $258,189,000 after buying an additional 821,077 shares during the last quarter. FMR LLC increased its stake in Epam Systems by 22.5% in the second quarter. FMR LLC now owns 2,714,203 shares of the company’s stock valued at $174,550,000 after buying an additional 499,002 shares during the last quarter. Whale Rock Capital Management LLC increased its stake in Epam Systems by 193.8% in the second quarter. Whale Rock Capital Management LLC now owns 414,822 shares of the company’s stock valued at $26,677,000 after buying an additional 273,632 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new stake in Epam Systems during the third quarter valued at approximately $16,634,000. 94.99% of the stock is owned by hedge funds and other institutional investors.