EPAM Systems (NYSE:EPAM) PT Lowered to $265.00 at Barclays

EPAM Systems (NYSE:EPAM) had its price objective trimmed by Barclays from $315.00 to $265.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the information technology services provider’s stock.

A number of other brokerages also recently commented on EPAM. Jefferies Financial Group reissued a hold rating and set a $295.00 price objective on shares of EPAM Systems in a research report on Thursday, January 11th. Piper Sandler reissued an overweight rating and issued a $369.00 price objective on shares of EPAM Systems in a research report on Monday, March 4th. Guggenheim began coverage on shares of EPAM Systems in a research note on Tuesday, March 19th. They set a buy rating and a $350.00 target price for the company. Wolfe Research upgraded EPAM Systems from a peer perform rating to an outperform rating and set a $355.00 price target on the stock in a research note on Thursday, January 4th. Finally, Mizuho increased their price objective on EPAM Systems from $340.00 to $345.00 and gave the company a buy rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of Moderate Buy and a consensus price target of $320.60.

EPAM Systems Trading Up 0.6 %

NYSE EPAM opened at $239.21 on Friday. EPAM Systems has a 12 month low of $197.99 and a 12 month high of $317.50. The stock has a market capitalization of $13.87 billion, a P/E ratio of 33.83, a PEG ratio of 10.37 and a beta of 1.44. The firm’s 50-day moving average is $280.94 and its two-hundred day moving average is $273.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.71 EPS. On average, sell-side analysts anticipate that EPAM Systems will post 7.72 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were 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 owns 13,334 shares in the company, valued at approximately $4,025,934.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EPAM Systems 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 transaction, the executive vice president now owns 13,334 shares in the company, valued at approximately $4,025,934.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at $3,707,802. The disclosure for this sale can be found here. Insiders sold a total of 16,820 shares of company stock valued at $5,101,117 over the last three months. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. boosted its stake in shares of EPAM Systems by 3.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock worth $367,000 after acquiring an additional 40 shares in the last quarter. Equitable Trust Co. grew its holdings in EPAM Systems by 0.8% in the first quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock valued at $1,641,000 after purchasing an additional 46 shares during the last quarter. Czech National Bank raised its stake in shares of EPAM Systems by 0.5% during the 1st 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 during the last quarter. Transatlantique Private Wealth LLC grew its stake in EPAM Systems by 1.5% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 3,313 shares of the information technology services provider’s stock valued at $841,000 after acquiring an additional 48 shares during the last quarter. Finally, Meridian Management Co. increased its holdings in EPAM Systems by 0.6% during the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock valued at $2,372,000 after acquiring an additional 48 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.