EPAM Systems (NYSE:EPAM) PT Lowered to $240.00

EPAM Systems (NYSE:EPAM) had its price objective reduced by Susquehanna from $260.00 to $240.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “positive” rating on the information technology services provider’s stock. Susquehanna’s price objective would indicate a potential upside of 24.22% from the stock’s previous close.

A number of other brokerages have also weighed in on EPAM. Mizuho cut their target price on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. Scotiabank lowered EPAM Systems from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $300.00 to $245.00 in a research report on Friday, May 10th. Needham & Company LLC dropped their price target on EPAM Systems from $350.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Citigroup reduced their price target on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Ten research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $263.33.

EPAM Systems Trading Up 1.1 %

EPAM traded up $2.05 on Friday, hitting $193.21. 801,406 shares of the company were exchanged, compared to its average volume of 638,592. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.68. EPAM Systems has a 12 month low of $169.43 and a 12 month high of $317.50. The firm has a fifty day simple moving average of $191.62 and a two-hundred day simple moving average of $236.95. The stock has a market capitalization of $11.20 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 4.97 and a beta of 1.45.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Sell-side analysts expect that EPAM Systems will post 7.81 earnings per share for the current year.

Institutional Trading of EPAM Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of EPAM. Atria Wealth Solutions Inc. lifted 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 valued at $367,000 after buying an additional 40 shares in the last quarter. Equitable Trust Co. raised its position in shares of 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 valued at $1,641,000 after buying an additional 46 shares during the last quarter. Czech National Bank boosted its position in shares of 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 acquiring an additional 46 shares during the last quarter. Meridian Management Co. grew its stake 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 valued at $2,372,000 after acquiring an additional 48 shares in the last quarter. Finally, Retirement Systems of Alabama increased its holdings in EPAM Systems by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 12,788 shares of the information technology services provider’s stock valued at $2,406,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

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.