Jefferies Group LLC Analysts Give EPAM Systems, Inc. (EPAM) a $95.00 Price Target

EPAM Systems, Inc. (NYSE:EPAM) has been given a $95.00 price target by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 18.82% from the company’s previous close.

Several other analysts also recently commented on EPAM. Cantor Fitzgerald reiterated a “buy” rating and set a $78.00 target price on shares of EPAM Systems in a research note on Thursday, May 4th. Zacks Investment Research upgraded EPAM Systems from a “sell” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price (up from $82.00) on shares of EPAM Systems in a research note on Friday, May 5th. Barclays PLC reiterated an “overweight” rating and set a $84.00 target price (up from $80.00) on shares of EPAM Systems in a research note on Friday, May 5th. Finally, Wedbush increased their target price on EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. EPAM Systems currently has an average rating of “Buy” and a consensus price target of $90.60.

Shares of EPAM Systems (NYSE EPAM) traded up 0.14% during mid-day trading on Thursday, reaching $80.06. The company had a trading volume of 76,117 shares. The company has a 50 day moving average price of $83.86 and a 200 day moving average price of $78.27. EPAM Systems has a one year low of $54.53 and a one year high of $87.93. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 38.66 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business had revenue of $348.98 million for the quarter, compared to the consensus estimate of $342 million. During the same period last year, the business posted $0.71 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. On average, analysts anticipate that EPAM Systems will post $3.32 EPS for the current year.

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In other news, SVP Ginger Mosier sold 26,055 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $85.65, for a total value of $2,231,610.75. Following the transaction, the senior vice president now directly owns 12,733 shares in the company, valued at approximately $1,090,581.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Arkadiy Dobkin sold 25,100 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $80.49, for a total value of $2,020,299.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,389 shares of company stock worth $7,153,584. Company insiders own 6.17% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its position in shares of EPAM Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock worth $549,000 after buying an additional 17 shares in the last quarter. Renaissance Group LLC boosted its position in shares of EPAM Systems by 0.6% in the second quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock worth $321,000 after buying an additional 21 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of EPAM Systems by 0.9% in the second quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock worth $366,000 after buying an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of EPAM Systems by 1.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock worth $557,000 after buying an additional 70 shares in the last quarter. Finally, CS Mckee LP boosted its position in shares of EPAM Systems by 0.6% in the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock worth $1,501,000 after buying an additional 100 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

EPAM Systems Company Profile

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.

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