EPAM Systems, Inc. (NYSE:EPAM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of EPAM Systems, Inc. (NYSE:EPAM) have been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $214.20.

A number of equities research analysts recently commented on EPAM shares. Wells Fargo & Company increased their price target on EPAM Systems from $185.00 to $247.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Zacks Research downgraded shares of EPAM Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Citigroup lifted their price objective on EPAM Systems from $170.00 to $225.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of EPAM Systems in a research note on Monday, December 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of EPAM Systems in a report on Friday, January 9th.

Insider Activity at EPAM Systems

In other EPAM Systems news, VP Gary C. Abrahams sold 600 shares of EPAM Systems stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $179.29, for a total transaction of $107,574.00. Following the completion of the sale, the vice president owned 2,720 shares of the company’s stock, valued at $487,668.80. The trade was a 18.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $181.80, for a total value of $454,500.00. Following the completion of the sale, the senior vice president owned 38,124 shares of the company’s stock, valued at $6,930,943.20. The trade was a 6.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,100 shares of company stock valued at $1,597,074 over the last three months. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of EPAM Systems

Hedge funds have recently added to or reduced their stakes in the business. Jefferies Financial Group Inc. bought a new stake in shares of EPAM Systems in the 4th quarter valued at about $519,000. Legato Capital Management LLC purchased a new stake in EPAM Systems in the fourth quarter worth $704,000. Plan A Wealth LLC bought a new stake in shares of EPAM Systems during the 4th quarter valued at about $272,000. FourThought Financial Partners LLC bought a new stake in EPAM Systems during the 4th quarter valued at approximately $212,000. Finally, Global Retirement Partners LLC boosted its position in shares of EPAM Systems by 913.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,327 shares of the information technology services provider’s stock valued at $272,000 after purchasing an additional 1,196 shares in the last quarter. 91.58% of the stock is owned by institutional investors.

EPAM Systems Trading Up 5.2%

NYSE:EPAM opened at $186.71 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market cap of $10.31 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.24 and a beta of 1.72. The firm’s fifty day moving average is $207.64 and its 200-day moving average is $178.59. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, November 6th. The information technology services provider reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.06. EPAM Systems had a return on equity of 13.16% and a net margin of 7.01%.The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $3.12 EPS. The business’s revenue was up 19.4% compared to the same quarter last year. Equities analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

EPAM Systems announced that its board has authorized a stock repurchase plan on Tuesday, October 21st that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to reacquire up to 12.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.