EPAM Systems, Inc. (NYSE:EPAM – Get Free Report) shares gapped down prior to trading on Thursday after Piper Sandler lowered their price target on the stock from $230.00 to $225.00. The stock had previously closed at $208.17, but opened at $188.22. Piper Sandler currently has an overweight rating on the stock. EPAM Systems shares last traded at $186.68, with a volume of 64,180 shares changing hands.
A number of other equities research analysts also recently commented on the stock. Jefferies Financial Group upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $202.00 to $237.00 in a research report on Tuesday, July 16th. Wolfe Research cut EPAM Systems from an “outperform” rating to a “peer perform” rating in a research report on Friday, May 17th. Morgan Stanley raised EPAM Systems from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $236.00 to $225.00 in a report on Friday, April 26th. Needham & Company LLC lowered their price target on shares of EPAM Systems from $350.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Finally, Scotiabank downgraded shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $300.00 to $245.00 in a research report on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.00.
Institutional Trading of EPAM Systems
Several institutional investors have recently made changes to their positions in EPAM. Benjamin F. Edwards & Company Inc. purchased a new stake in EPAM Systems during the fourth quarter valued at about $25,000. ORG Partners LLC increased its position in EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 150 shares in the last quarter. Riverview Trust Co purchased a new position in EPAM Systems in the first quarter valued at approximately $29,000. Opal Wealth Advisors LLC acquired a new position in EPAM Systems during the second quarter valued at approximately $29,000. Finally, Principal Securities Inc. purchased a new stake in EPAM Systems during the fourth quarter worth approximately $43,000. 91.58% of the stock is owned by hedge funds and other institutional investors.
EPAM Systems Stock Down 8.2 %
The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 4.97 and a beta of 1.45. The firm’s 50-day moving average price is $191.32 and its 200-day moving average price is $238.11.
EPAM Systems (NYSE:EPAM – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.77 by $0.09. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Sell-side analysts forecast that EPAM Systems, Inc. will post 7.81 earnings per share for the current fiscal year.
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.
