EPAM Systems, Inc. (NYSE:EPAM) had its target price lifted by Citigroup Inc. from $105.00 to $110.00 in a research report sent to investors on Friday morning. Citigroup Inc. currently has a buy rating on the information technology services provider’s stock.

EPAM has been the topic of a number of other research reports. UBS AG reiterated a buy rating and set a $105.00 price target (up previously from $96.00) on shares of EPAM Systems in a report on Friday. KeyCorp reiterated a buy rating and set a $100.00 price target on shares of EPAM Systems in a report on Sunday, October 29th. Needham & Company LLC reiterated a buy rating and set a $110.00 price target (up previously from $90.00) on shares of EPAM Systems in a report on Friday. Berenberg Bank set a $95.00 price target on shares of EPAM Systems and gave the stock a buy rating in a report on Sunday, August 6th. Finally, Barclays PLC cut their price target on shares of EPAM Systems from $92.00 to $91.00 and set an overweight rating on the stock in a report on Friday, August 4th. Fifteen equities research analysts have rated the stock with a buy rating, EPAM Systems currently has an average rating of Buy and an average price target of $97.21.

Shares of EPAM Systems (NYSE EPAM) traded up $0.52 during trading on Friday, reaching $99.67. 392,033 shares of the company’s stock were exchanged, compared to its average volume of 264,660. EPAM Systems has a 1 year low of $54.53 and a 1 year high of $100.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.05 and a quick ratio of 6.05. The firm has a market capitalization of $5,234.97, a price-to-earnings ratio of 39.40, a P/E/G ratio of 2.12 and a beta of 0.95.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. EPAM Systems had a net margin of 9.41% and a return on equity of 16.35%. The firm had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis. research analysts expect that EPAM Systems will post 2.55 earnings per share for the current year.

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In related news, CEO Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock in a transaction on Monday, August 28th. The shares were sold at an average price of $78.86, for a total transaction of $394,300.00. Following the completion of the transaction, the chief executive officer now owns 2,105,851 shares of the company’s stock, valued at $166,067,409.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Insiders have sold 288,000 shares of company stock valued at $24,354,345 in the last three months. 6.17% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Chase Investment Counsel Corp bought a new stake in EPAM Systems in the third quarter valued at $1,114,000. Bessemer Group Inc. increased its stake in EPAM Systems by 34.9% in the third quarter. Bessemer Group Inc. now owns 31,300 shares of the information technology services provider’s stock valued at $2,752,000 after purchasing an additional 8,100 shares in the last quarter. Swiss National Bank increased its stake in EPAM Systems by 1.9% in the third quarter. Swiss National Bank now owns 82,362 shares of the information technology services provider’s stock valued at $7,242,000 after purchasing an additional 1,500 shares in the last quarter. American Century Companies Inc. increased its stake in EPAM Systems by 8.7% in the third quarter. American Century Companies Inc. now owns 7,278 shares of the information technology services provider’s stock valued at $640,000 after purchasing an additional 581 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in EPAM Systems in the third quarter valued at $642,000. 87.89% of the stock is owned by hedge funds and other institutional investors.

About EPAM Systems

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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