EPAM Systems (NYSE:EPAM) PT Lowered to $311.00

EPAM Systems (NYSE:EPAM - Get Free Report) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $331.00 to $311.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the information technology services provider's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 30.57% from the stock's previous close.

Several other analysts have also commented on the company. Needham & Company LLC raised their price objective on EPAM Systems from $295.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Jefferies Financial Group restated a "hold" rating and issued a $295.00 target price on shares of EPAM Systems in a research report on Thursday, January 11th. Citigroup decreased their target price on EPAM Systems from $325.00 to $275.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. Morgan Stanley upgraded EPAM Systems from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $236.00 to $225.00 in a research report on Friday, April 26th. Finally, Guggenheim initiated coverage on EPAM Systems in a research report on Tuesday, March 19th. They issued a "buy" rating and a $350.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $315.60.

EPAM Systems Price Performance

EPAM traded up $3.20 during trading on Thursday, hitting $238.18. The company's stock had a trading volume of 397,942 shares, compared to its average volume of 499,572. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems has a twelve month low of $197.99 and a twelve month high of $317.50. The business's fifty day simple moving average is $276.95 and its 200 day simple moving average is $273.45. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 10.26 and a beta of 1.46.

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

Insider Buying and Selling

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction on Tuesday, February 27th. The shares were 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 owns 12,117 shares in the company, valued at approximately $3,707,802. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,820 shares of company stock worth $5,101,117. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On EPAM Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors grew its stake in shares of EPAM Systems by 0.7% in the fourth quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider's stock valued at $2,289,207,000 after buying an additional 51,228 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of EPAM Systems by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,825,592 shares of the information technology services provider's stock valued at $2,029,522,000 after buying an additional 34,575 shares in the last quarter. Lone Pine Capital LLC grew its stake in shares of EPAM Systems by 9.2% in the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider's stock valued at $269,556,000 after buying an additional 88,641 shares in the last quarter. Northern Trust Corp grew its stake in shares of EPAM Systems by 6.2% in the third quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider's stock valued at $183,243,000 after buying an additional 42,077 shares in the last quarter. Finally, Norges Bank acquired a new position in EPAM Systems during the 4th quarter worth $184,713,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

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.