EPAM Systems (NYSE:EPAM) PT Lowered to $258.00

EPAM Systems (NYSE:EPAMGet Free Report) had its target price reduced by analysts at Mizuho from $345.00 to $258.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Mizuho’s target price would suggest a potential upside of 35.45% from the company’s previous close.

EPAM has been the topic of several other research reports. Guggenheim began coverage on EPAM Systems in a research note on Tuesday, March 19th. They issued a “buy” rating and a $350.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $340.00 target price on shares of EPAM Systems in a research note on Wednesday, April 10th. Stifel Nicolaus increased their target price on EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. TD Cowen lowered their target price on EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Finally, Susquehanna increased their target price on EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems currently has an average rating of “Moderate Buy” and a consensus target price of $282.81.

View Our Latest Analysis on EPAM Systems

EPAM Systems Stock Performance

Shares of NYSE EPAM opened at $190.48 on Tuesday. The stock has a 50 day moving average price of $258.99 and a 200 day moving average price of $272.73. EPAM Systems has a 52 week low of $180.28 and a 52 week high of $317.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.68. The stock has a market capitalization of $11.04 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 4.47 and a beta of 1.46.

EPAM Systems (NYSE:EPAMGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.09. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. Analysts predict that EPAM Systems will post 7.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Balazs Fejes sold 3,470 shares of the 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 sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Sergey Yezhkov sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the sale, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The disclosure for this sale can be found here. Insiders have sold 16,820 shares of company stock valued at $5,101,117 over the last 90 days. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EPAM Systems

A number of large investors have recently modified their holdings of EPAM. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $25,000. Riverview Trust Co acquired a new stake in shares of EPAM Systems during the first quarter valued at about $29,000. VisionPoint Advisory Group LLC grew its holdings in shares of EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of EPAM Systems in the fourth quarter valued at approximately $43,000. Finally, NBC Securities Inc. bought a new position in EPAM Systems in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

About EPAM Systems

(Get Free Report)

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.

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