EPAM Systems, Inc. (NYSE:EPAM) had its price objective lifted by Needham & Company LLC to $82.00 in a research report sent to investors on Thursday morning.

EPAM has been the subject of a number of other research reports. Zacks Investment Research lowered shares of EPAM Systems from a hold rating to a sell rating in a report on Thursday, November 10th. Monness Crespi & Hardt raised shares of EPAM Systems from a neutral rating to a buy rating and set a $75.00 target price for the company in a report on Thursday, October 20th. Finally, Barclays PLC reaffirmed an equal weight rating and set a $70.00 target price (down previously from $75.00) on shares of EPAM Systems in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $78.85.

Shares of EPAM Systems (NYSE:EPAM) traded up 3.92% during midday trading on Thursday, hitting $69.96. The stock had a trading volume of 782,729 shares. EPAM Systems has a one year low of $54.53 and a one year high of $78.40. The stock has a 50 day moving average of $65.64 and a 200-day moving average of $65.77. The company has a market cap of $3.57 billion, a P/E ratio of 36.48 and a beta of 1.22.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, February 16th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by $0.02. EPAM Systems had a return on equity of 12.66% and a net margin of 9.23%. The business had revenue of $313.50 million for the quarter, compared to analyst estimates of $311.76 million. During the same period in the prior year, the firm posted $0.78 EPS. EPAM Systems’s revenue was up 20.5% on a year-over-year basis. Analysts forecast that EPAM Systems will post $2.85 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Redmond Asset Management LLC raised its position in shares of EPAM Systems by 0.3% in the fourth quarter. Redmond Asset Management LLC now owns 6,066 shares of the company’s stock valued at $390,000 after buying an additional 18 shares during the period. Keybank National Association OH raised its position in shares of EPAM Systems by 0.4% in the fourth quarter. Keybank National Association OH now owns 7,569 shares of the company’s stock valued at $487,000 after buying an additional 27 shares during the period. Renaissance Group LLC raised its position in shares of EPAM Systems by 2.9% in the fourth quarter. Renaissance Group LLC now owns 3,836 shares of the company’s stock valued at $247,000 after buying an additional 107 shares during the period. Stifel Financial Corp raised its position in shares of EPAM Systems by 5.8% in the second quarter. Stifel Financial Corp now owns 3,400 shares of the company’s stock valued at $220,000 after buying an additional 186 shares during the period. Finally, Virginia Retirement Systems ET AL raised its position in shares of EPAM Systems by 3.5% in the third quarter. Virginia Retirement Systems ET AL now owns 5,900 shares of the company’s stock valued at $409,000 after buying an additional 200 shares during the period. 94.60% of the stock is owned by institutional investors.

EPAM Systems Company Profile

EPAM Systems, Inc (EPAM) is a provider of software engineering solutions and information technology services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services.

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