EPAM Systems (NYSE:EPAM) PT Lowered to $252.00

EPAM Systems (NYSE:EPAM - Free Report) had its price objective decreased by Piper Sandler from $317.00 to $252.00 in a research report released on Thursday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the information technology services provider's stock.

A number of other brokerages also recently issued reports on EPAM. JPMorgan Chase & Co. decreased their price target on shares of EPAM Systems from $331.00 to $311.00 and set an overweight rating for the company in a research note on Thursday, May 2nd. Scotiabank reduced their price objective on shares of EPAM Systems from $350.00 to $300.00 and set a sector outperform rating for the company in a research report on Monday, April 29th. Barclays reduced their price objective on shares of EPAM Systems from $315.00 to $265.00 and set an equal weight rating for the company in a research report on Friday, April 26th. HSBC reduced their price objective on shares of EPAM Systems from $350.00 to $345.00 and set a buy rating for the company in a research report on Wednesday, April 3rd. Finally, Mizuho boosted their price objective on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a buy rating in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $311.27.

EPAM Systems Stock Down 27.0 %

EPAM Systems stock traded down $67.27 during trading on Thursday, reaching $181.93. The stock had a trading volume of 4,982,307 shares, compared to its average volume of 549,452. EPAM Systems has a 52-week low of $180.28 and a 52-week high of $317.50. The business has a 50 day moving average price of $268.59 and a 200 day moving average price of $273.14. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.55 billion, a PE ratio of 25.73, a P/E/G ratio of 10.58 and a beta of 1.46.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $2.71 earnings per share. The firm's quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that EPAM Systems will post 7.7 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $301.93, for a total value of $1,047,697.10. Following the transaction, the executive vice president now directly owns 13,334 shares of the company's stock, valued at approximately $4,025,934.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Balazs Fejes sold 3,470 shares of the company's stock in a transaction 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 directly owns 13,334 shares of the company's stock, valued at approximately $4,025,934.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the company's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total transaction of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares in the company, valued at $3,707,802. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On EPAM Systems

Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. acquired a new position in shares of EPAM Systems during the 4th quarter worth $25,000. Riverview Trust Co purchased a new stake in shares of EPAM Systems in the 1st quarter worth about $29,000. VisionPoint Advisory Group LLC boosted its position in shares of EPAM Systems by 103.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider's stock worth $35,000 after buying an additional 69 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of EPAM Systems in the 4th quarter worth about $43,000. Finally, NBC Securities Inc. purchased a new stake in shares of EPAM Systems in the 3rd quarter worth about $46,000. 91.58% of the stock is owned by institutional investors and hedge funds.

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.