EPAM Systems (NYSE:EPAM) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of EPAM Systems (NYSE:EPAM - Free Report) from a buy rating to a hold rating in a research report report published on Friday.

A number of other equities research analysts have also recently commented on EPAM. Barclays raised their target price on EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Guggenheim raised their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a research report on Thursday, July 17th. They set a "hold" rating and a $171.00 target price on the stock. Morgan Stanley dropped their target price on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Finally, Stifel Nicolaus dropped their target price on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, EPAM Systems presently has an average rating of "Moderate Buy" and an average target price of $231.73.

EPAM Systems Stock Performance

EPAM stock traded up $1.79 during midday trading on Friday, reaching $167.29. The stock had a trading volume of 207,362 shares, compared to its average volume of 736,779. The stock has a market cap of $9.48 billion, a PE ratio of 23.40, a P/E/G ratio of 2.32 and a beta of 1.70. 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 firm has a fifty day simple moving average of $175.66 and a two-hundred day simple moving average of $191.11. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $269.00.

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

Institutional Inflows and Outflows

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