EPAM Systems (NYSE:EPAM) Upgraded by Itau BBA Securities to Market Perform

EPAM Systems (NYSE:EPAM) was upgraded by equities research analysts at Itau BBA Securities from an “underperform” rating to a “market perform” rating in a report released on Friday, Marketbeat.com reports.

Other equities research analysts also recently issued research reports about the company. TD Cowen cut their price objective on EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a report on Friday, May 10th. Scotiabank cut shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $300.00 to $245.00 in a report on Friday, May 10th. Mizuho reduced their target price on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. Citigroup decreased their target price on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.33.

EPAM Systems Price Performance

Shares of EPAM Systems stock traded up $2.05 during trading hours on Friday, reaching $193.21. 801,406 shares of the company’s stock were exchanged, compared to its average volume of 638,592. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $191.62 and a two-hundred day moving average of $236.95. The company has a market capitalization of $11.20 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 4.97 and a beta of 1.45. EPAM Systems has a 1 year low of $169.43 and a 1 year high of $317.50.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. As a group, research analysts predict that EPAM Systems will post 7.81 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Several hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. bought a new position in shares of EPAM Systems in the fourth quarter worth $25,000. ORG Partners LLC lifted its holdings in shares of EPAM Systems by 5,000.0% in the second quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 150 shares during the period. Riverview Trust Co acquired a new stake in EPAM Systems in the 1st quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in shares of EPAM Systems in the 2nd quarter worth approximately $29,000. Finally, Principal Securities Inc. acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $43,000. 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.