EPAM Systems (NYSE:EPAM) Given New $200.00 Price Target at Barclays

EPAM Systems (NYSE:EPAM - Free Report) had its target price trimmed by Barclays from $270.00 to $200.00 in a research report report published on Friday morning, MarketBeat reports. The firm currently has an overweight rating on the information technology services provider's stock.

A number of other equities analysts also recently issued reports on EPAM. Piper Sandler downgraded EPAM Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $251.00 to $170.00 in a research report on Wednesday, April 16th. Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley increased their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. StockNews.com downgraded EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Needham & Company LLC restated a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $232.44.

EPAM Systems Stock Performance

Shares of EPAM traded down $3.82 during mid-day trading on Friday, reaching $156.02. The company had a trading volume of 267,044 shares, compared to its average volume of 692,067. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $8.90 billion, a P/E ratio of 19.90, a PEG ratio of 3.38 and a beta of 1.69. The stock has a 50 day moving average of $172.65 and a two-hundred day moving average of $212.97.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results 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). The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, analysts expect that EPAM Systems will post 8.9 earnings per share for the current year.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors increased its stake in shares of EPAM Systems by 22.0% during the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after buying an additional 414,942 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock valued at $510,053,000 after acquiring an additional 620,551 shares during the period. Geode Capital Management LLC boosted its holdings in shares of EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock valued at $314,616,000 after acquiring an additional 37,119 shares during the period. Ninety One UK Ltd acquired a new stake in shares of EPAM Systems during the first quarter worth $186,280,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of EPAM Systems by 96.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock worth $191,471,000 after purchasing an additional 401,355 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

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.