EPAM Systems (NYSE:EPAM) Price Target Raised to $270.00 at Susquehanna

EPAM Systems (NYSE:EPAM) had its target price increased by Susquehanna from $240.00 to $270.00 in a report issued on Friday morning,Benzinga reports. They currently have a positive rating on the information technology services provider’s stock.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. boosted their price objective on EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC lifted their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Friday. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday. Barclays raised their price target on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a research note on Thursday, August 22nd. They issued a “hold” rating and a $204.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.50.

EPAM Systems Trading Up 0.2 %

Shares of EPAM stock traded up $0.53 during trading hours on Friday, hitting $233.45. 794,168 shares of the company were exchanged, compared to its average volume of 554,863. The company has a 50 day simple moving average of $198.94 and a two-hundred day simple moving average of $198.28. The firm has a market cap of $13.29 billion, a P/E ratio of 33.45, a P/E/G ratio of 4.45 and a beta of 1.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.84 and a current ratio of 4.84. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 8th. The information technology services provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.19. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a net margin of 8.86% and a return on equity of 14.31%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $2.21 earnings per share. Equities analysts anticipate that EPAM Systems will post 8.08 EPS for the current year.

EPAM Systems announced that its board has authorized a share buyback program on Thursday, August 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the information technology services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently made changes to their positions in the business. ORG Partners LLC boosted its position in EPAM Systems by 5,000.0% during the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 150 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of EPAM Systems in the 2nd quarter valued at about $29,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in EPAM Systems by 181.8% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 100 shares during the period. Farther Finance Advisors LLC grew its position in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 106 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in EPAM Systems in the 3rd quarter worth approximately $44,000. 91.58% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.