Barclays Cuts EPAM Systems (NYSE:EPAM) Price Target to $270.00

EPAM Systems (NYSE:EPAM) had its target price decreased by Barclays from $290.00 to $270.00 in a research report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the information technology services provider’s stock.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $235.00 to $295.00 in a report on Friday, December 6th. Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Scotiabank cut their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a report on Monday, February 24th. Finally, StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.33.

EPAM Systems Trading Down 1.1 %

Shares of EPAM stock opened at $189.32 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm has a market cap of $10.77 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. The company has a 50-day moving average of $233.93 and a two-hundred day moving average of $222.80. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $308.99.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, analysts predict that EPAM Systems will post 8.9 EPS for the current year.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of EPAM Systems stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EPAM Systems

Several institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of EPAM Systems in the 4th quarter worth about $4,581,000. Challenger Wealth Management purchased a new stake in shares of EPAM Systems in the 4th quarter worth about $351,000. GTS Securities LLC boosted its position in shares of EPAM Systems by 106.5% in the 4th quarter. GTS Securities LLC now owns 864 shares of the information technology services provider’s stock worth $202,000 after buying an additional 14,055 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of EPAM Systems by 53.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 282,360 shares of the information technology services provider’s stock worth $66,021,000 after buying an additional 98,731 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new stake in shares of EPAM Systems in the 4th quarter worth about $342,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.