EPAM Systems (NYSE:EPAM) Rating Increased to Equal Weight at Morgan Stanley

EPAM Systems (NYSE:EPAM) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Friday, MarketBeat.com reports. The firm currently has a $225.00 price target on the information technology services provider’s stock, down from their previous price target of $236.00. Morgan Stanley’s price target would indicate a potential downside of 5.36% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on EPAM Systems from $315.00 to $334.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Citigroup cut their price target on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. HSBC cut their price target on EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Needham & Company LLC lifted their price target on EPAM Systems from $295.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $340.00 price target on shares of EPAM Systems in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, EPAM Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.93.

EPAM Systems Stock Up 0.3 %

Shares of NYSE EPAM opened at $237.75 on Friday. The stock has a market cap of $13.79 billion, a PE ratio of 33.63, a PEG ratio of 10.37 and a beta of 1.43. The business has a fifty day moving average of $280.94 and a two-hundred day moving average of $273.37. EPAM Systems has a 52-week low of $197.99 and a 52-week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.24. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $2.71 earnings per share. As a group, equities research analysts expect that EPAM Systems will post 7.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the completion of the sale, the executive vice president now directly owns 13,334 shares in the company, valued at $4,025,934.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the completion of the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Sergey Yezhkov sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EPAM Systems

Hedge funds and other institutional investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its holdings in EPAM Systems by 3.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock worth $367,000 after buying an additional 40 shares in the last quarter. Equitable Trust Co. grew its holdings in EPAM Systems by 0.8% during the first quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock worth $1,641,000 after buying an additional 46 shares in the last quarter. Czech National Bank grew its holdings in EPAM Systems by 0.5% during the first quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock worth $2,804,000 after buying an additional 46 shares in the last quarter. Transatlantique Private Wealth LLC grew its holdings in EPAM Systems by 1.5% during the third quarter. Transatlantique Private Wealth LLC now owns 3,313 shares of the information technology services provider’s stock worth $841,000 after buying an additional 48 shares in the last quarter. Finally, Meridian Management Co. grew its holdings in EPAM Systems by 0.6% during the fourth quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock worth $2,372,000 after buying an additional 48 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

About EPAM Systems

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.