EPAM Systems (NYSE:EPAM) Stock Price Down 4.5% – Time to Sell?

EPAM Systems, Inc. (NYSE:EPAM) traded down 4.5% during mid-day trading on Thursday . The company traded as low as $171.01 and last traded at $172.69. 111,667 shares changed hands during trading, a decline of 83% from the average session volume of 647,962 shares. The stock had previously closed at $180.87.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EPAM. Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Scotiabank cut their price target on shares of EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley lifted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their target price for the company from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Barclays reduced their target price on shares of EPAM Systems from $290.00 to $270.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $262.47.

EPAM Systems Price Performance

The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $226.19 and a 200 day simple moving average of $221.45. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61.

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

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. OneDigital Investment Advisors LLC increased its position in EPAM Systems by 4.1% during the third quarter. OneDigital Investment Advisors LLC now owns 1,931 shares of the information technology services provider’s stock worth $384,000 after buying an additional 76 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of EPAM Systems by 14.1% during the 3rd quarter. Natixis Advisors LLC now owns 25,627 shares of the information technology services provider’s stock worth $5,101,000 after acquiring an additional 3,167 shares in the last quarter. Quest Partners LLC increased its holdings in shares of EPAM Systems by 36.7% during the 3rd quarter. Quest Partners LLC now owns 645 shares of the information technology services provider’s stock valued at $128,000 after acquiring an additional 173 shares during the last quarter. Pathstone Holdings LLC raised its stake in shares of EPAM Systems by 32.6% in the 3rd quarter. Pathstone Holdings LLC now owns 14,249 shares of the information technology services provider’s stock valued at $2,836,000 after acquiring an additional 3,507 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in EPAM Systems during the third quarter worth approximately $291,000. Institutional investors and hedge funds 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.