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

EPAM Systems (NYSE:EPAM - Free Report) had its price objective decreased by Barclays from $265.00 to $200.00 in a research note published on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the information technology services provider's stock.

Other analysts have also recently issued reports about the stock. Mizuho lifted their target price on shares of EPAM Systems from $340.00 to $345.00 and gave the stock a buy rating in a research note on Friday, February 16th. Stifel Nicolaus lifted their target price on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a buy rating in a research note on Monday, February 12th. Guggenheim assumed coverage on shares of EPAM Systems in a research note on Tuesday, March 19th. They set a buy rating and a $350.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective 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. Finally, TD Cowen lowered their price objective on shares of EPAM Systems from $282.00 to $203.00 and set a hold rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $288.25.

EPAM Systems Price Performance

Shares of EPAM traded up $7.32 during mid-day trading on Monday, reaching $190.72. 1,830,268 shares of the company's stock were exchanged, compared to its average volume of 578,809. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The company has a 50-day simple moving average of $266.12 and a two-hundred day simple moving average of $273.64. EPAM Systems has a 52-week low of $180.28 and a 52-week high of $317.50. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 8.02 and a beta of 1.46.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, topping the consensus estimate of $1.77 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. On average, sell-side analysts predict that EPAM Systems will post 7.7 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the sale, 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 SEC, which can be accessed through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the company's stock in a transaction dated 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 completion of 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 this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the completion of the transaction, the senior vice president now directly owns 12,770 shares of the company's stock, valued at $3,857,050.80. The disclosure for this sale can be found here. In the last three months, insiders sold 16,820 shares of company stock valued at $5,101,117. Company insiders own 4.30% of the company's stock.

Hedge Funds Weigh In On EPAM Systems

Several large investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its position in shares of EPAM Systems by 0.7% during the fourth quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider's stock worth $2,289,207,000 after purchasing an additional 51,228 shares during the last quarter. Vanguard Group Inc. raised its stake in EPAM Systems by 0.6% during the first quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider's stock worth $1,895,872,000 after acquiring an additional 39,531 shares during the period. Lone Pine Capital LLC raised its stake in EPAM Systems by 9.2% during the third quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider's stock worth $269,556,000 after acquiring an additional 88,641 shares during the period. Northern Trust Corp raised its stake in EPAM Systems by 6.2% during the third quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider's stock worth $183,243,000 after acquiring an additional 42,077 shares during the period. Finally, Norges Bank acquired a new stake in EPAM Systems during the fourth quarter worth about $184,713,000. Institutional investors 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.