Epam Systems Inc. (NYSE:EPAM) had its price objective decreased by Needham & Company LLC from $82.00 to $75.00 in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 12.11% from the stock’s current price.
Several other brokerages have also recently issued reports on EPAM. Cantor Fitzgerald restated a “buy” rating and set a $75.00 price objective on shares of Epam Systems in a research note on Monday, September 12th. Wedbush started coverage on Epam Systems in a research note on Thursday, September 8th. They set an “outperform” rating and a $82.00 price objective on the stock. Zacks Investment Research cut Epam Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. Pacific Crest reiterated a “buy” rating and issued a $77.00 target price on shares of Epam Systems in a research note on Friday, August 5th. Finally, Monness Crespi & Hardt upgraded Epam Systems from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Thursday, October 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.79.
Epam Systems (NYSE:EPAM) traded down 0.95% during midday trading on Tuesday, hitting $66.90. 197,370 shares of the company traded hands. The stock has a 50 day moving average of $64.24 and a 200 day moving average of $68.00. Epam Systems has a 12-month low of $54.53 and a 12-month high of $84.41. The stock has a market cap of $3.41 billion, a P/E ratio of 34.88 and a beta of 1.26.
Epam Systems (NYSE:EPAM) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.01. Epam Systems had a return on equity of 12.66% and a net margin of 9.23%. The firm had revenue of $298.30 million for the quarter, compared to analysts’ expectations of $296.12 million. During the same period last year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was up 26.4% on a year-over-year basis. Equities research analysts predict that Epam Systems will post $2.87 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of Epam Systems by 5,051.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,906 shares of the company’s stock worth $123,000 after buying an additional 1,869 shares during the period. Westpac Banking Corp raised its position in Epam Systems by 16.5% in the second quarter. Westpac Banking Corp now owns 3,530 shares of the company’s stock worth $169,000 after buying an additional 499 shares during the last quarter. Guggenheim Capital LLC raised its position in Epam Systems by 10.2% in the second quarter. Guggenheim Capital LLC now owns 3,104 shares of the company’s stock worth $200,000 after buying an additional 287 shares during the last quarter. S&CO Inc. purchased a new position in Epam Systems during the third quarter worth about $208,000. Finally, Candriam Luxembourg S.C.A. purchased a new position in Epam Systems during the second quarter worth about $210,000. 94.99% of the stock is currently owned by institutional investors.
Epam Systems Company Profile