EPAM Systems (NYSE:EPAM) Price Target Lowered to $200.00 at Scotiabank

EPAM Systems (NYSE:EPAM - Get Free Report) had its target price lowered by research analysts at Scotiabank from $250.00 to $200.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "sector outperform" rating on the information technology services provider's stock. Scotiabank's price objective suggests a potential upside of 25.06% from the stock's current price.

A number of other brokerages also recently commented on EPAM. Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Piper Sandler lowered EPAM Systems from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $251.00 to $170.00 in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research note on Thursday, February 20th. Guggenheim lowered their price target on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a report on Friday. Finally, Susquehanna decreased their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research note on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus price target of $232.44.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $1.04 during midday trading on Tuesday, reaching $159.93. 128,843 shares of the company were exchanged, compared to its average volume of 690,617. The stock has a market cap of $9.13 billion, a P/E ratio of 20.37, a PEG ratio of 3.38 and a beta of 1.69. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $173.96 and a 200 day simple moving average of $213.34. EPAM Systems has a 1 year low of $138.15 and a 1 year high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing analysts' consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, research analysts forecast that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Institutional Trading of EPAM Systems

A number of hedge funds have recently made changes to their positions in the stock. Aurora Investment Counsel raised its position in shares of EPAM Systems by 0.7% during the 4th quarter. Aurora Investment Counsel now owns 6,101 shares of the information technology services provider's stock valued at $1,427,000 after acquiring an additional 45 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in EPAM Systems by 0.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 15,632 shares of the information technology services provider's stock worth $3,655,000 after purchasing an additional 52 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock valued at $27,000 after acquiring an additional 54 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider's stock worth $409,000 after buying an additional 60 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its holdings in EPAM Systems by 4.9% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 1,465 shares of the information technology services provider's stock valued at $343,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds 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.

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