EPAM Systems (NYSE:EPAM) Given New $275.00 Price Target at Citigroup

EPAM Systems (NYSE:EPAM - Free Report) had its price target lowered by Citigroup from $325.00 to $275.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a neutral rating on the information technology services provider's stock.

A number of other research analysts also recently weighed in on the company. HSBC cut their price objective on EPAM Systems from $350.00 to $345.00 and set a buy rating on the stock in a research note on Wednesday, April 3rd. Mizuho upped their price target on EPAM Systems from $340.00 to $345.00 and gave the stock a buy rating in a report on Friday, February 16th. Wedbush reaffirmed an outperform rating and set a $340.00 target price on shares of EPAM Systems in a research report on Wednesday, April 10th. Barclays raised their price target on shares of EPAM Systems from $305.00 to $315.00 and gave the stock an equal weight rating in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus boosted their price target on EPAM Systems from $288.00 to $301.00 and gave the company a buy rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $328.00.

EPAM Systems Stock Up 0.5 %

NYSE:EPAM traded up $1.24 on Monday, hitting $247.20. 448,535 shares of the company's stock traded hands, compared to its average volume of 484,524. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. The company has a market cap of $14.34 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 10.73 and a beta of 1.44. The firm has a 50-day moving average price of $284.87 and a 200-day moving average price of $273.86. EPAM Systems has a 1 year low of $197.99 and a 1 year high of $317.50.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.24. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. EPAM Systems's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.71 earnings per share. Equities analysts anticipate that EPAM Systems will post 7.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Lawrence F. Solomon sold 5,350 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares of the company's stock, valued at $3,707,802. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Lawrence F. Solomon sold 5,350 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now directly owns 12,117 shares of the company's stock, valued at approximately $3,707,802. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the transaction, the executive vice president now owns 13,334 shares of the company's stock, valued at approximately $4,025,934.62. The disclosure for this sale can be found here. Insiders sold 16,820 shares of company stock worth $5,101,117 in the last quarter. Insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On EPAM Systems

Several institutional investors have recently added to or reduced their stakes in EPAM. Benjamin F. Edwards & Company Inc. bought a new stake in shares of EPAM Systems in the fourth quarter valued at about $25,000. Riverview Trust Co acquired a new stake in shares of EPAM Systems in the first quarter valued at approximately $29,000. VisionPoint Advisory Group LLC boosted its holdings in EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 69 shares during the last quarter. Lindbrook Capital LLC grew its position in EPAM Systems by 123.3% in the third quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 90 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in EPAM Systems during the 4th quarter worth about $43,000. 91.58% of the stock is owned by 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.