EPAM Systems (NYSE:EPAM)‘s stock had its “overweight” rating restated by analysts at KeyCorp in a report issued on Tuesday, February 20th. They presently have a $132.00 price target on the information technology services provider’s stock, up from their previous price target of $123.00. KeyCorp’s price target points to a potential upside of 8.35% from the company’s previous close.
Several other equities research analysts have also recently issued reports on EPAM. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Bank of America boosted their price target on shares of EPAM Systems from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target (up previously from $90.00) on shares of EPAM Systems in a research report on Friday, November 3rd. Cantor Fitzgerald boosted their price target on shares of EPAM Systems to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 19th. Finally, Credit Suisse Group cut shares of EPAM Systems from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $113.85 to $130.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $113.94.
EPAM Systems (NYSE EPAM) traded up $0.04 during trading on Tuesday, hitting $121.83. 265,724 shares of the stock traded hands, compared to its average volume of 342,808. The company has a market capitalization of $6,460.00, a PE ratio of 44.79, a P/E/G ratio of 1.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.31 and a current ratio of 5.31. EPAM Systems has a 52-week low of $71.58 and a 52-week high of $125.88.
In other EPAM Systems news, Director Richard Michael Mayoras sold 2,500 shares of EPAM Systems stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total transaction of $286,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.17% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of EPAM. PNC Financial Services Group Inc. boosted its stake in EPAM Systems by 34.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after buying an additional 378 shares during the period. Bank of Montreal Can boosted its stake in EPAM Systems by 113.9% during the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock worth $190,000 after buying an additional 944 shares during the period. Wesbanco Bank Inc. purchased a new position in EPAM Systems during the fourth quarter worth $204,000. Two Sigma Investments LP purchased a new position in EPAM Systems during the fourth quarter worth $215,000. Finally, Comerica Bank purchased a new position in EPAM Systems during the fourth quarter worth $225,000. 91.61% of the stock is owned by institutional investors.
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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.
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