EPAM Systems (NYSE:EPAM) Rating Lowered to Hold at Wall Street Zen

Wall Street Zen lowered shares of EPAM Systems (NYSE:EPAM - Free Report) from a buy rating to a hold rating in a research note released on Friday morning.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a report on Thursday. They issued a "hold" rating and a $171.00 target price on the stock. Guggenheim raised their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Susquehanna dropped their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Barclays raised their target price on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Finally, Stifel Nicolaus dropped their target price on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $231.73.

EPAM Systems Stock Up 0.2%

Shares of NYSE:EPAM traded up $0.27 during trading on Friday, reaching $164.75. 456,857 shares of the stock traded hands, compared to its average volume of 681,468. The stock has a 50-day moving average of $175.66 and a two-hundred day moving average of $191.37. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.06 and a current ratio of 3.06. The stock has a market cap of $9.33 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.20 and a beta of 1.70.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the company posted $2.46 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. UniSuper Management Pty Ltd grew its stake in shares of EPAM Systems by 0.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after buying an additional 52 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of EPAM Systems by 90.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock worth $34,000 after buying an additional 69 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of EPAM Systems by 0.7% in the 1st quarter. IFM Investors Pty Ltd now owns 11,326 shares of the information technology services provider's stock worth $1,912,000 after buying an additional 76 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of EPAM Systems by 3.2% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,592 shares of the information technology services provider's stock worth $434,000 after buying an additional 80 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

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.