EPAM Systems (NYSE:EPAM) Price Target Lowered to $270.00 at Barclays

EPAM Systems (NYSE:EPAM) had its price objective lowered by research analysts at Barclays from $290.00 to $270.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Barclays‘s price target suggests a potential upside of 35.58% from the company’s previous close.

Several other research firms also recently commented on EPAM. Scotiabank reduced their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a report on Monday, February 24th. Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. StockNews.com cut EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group lowered their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $267.33.

EPAM Systems Price Performance

Shares of EPAM stock opened at $199.15 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. EPAM Systems has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The firm has a market cap of $11.33 billion, a P/E ratio of 25.40, a P/E/G ratio of 3.38 and a beta of 1.61. The business’s 50 day moving average price is $235.66 and its 200-day moving average price is $222.89.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. On average, equities research analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

Insider Activity at EPAM Systems

In other news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares in the company, valued at approximately $6,263,604. This represents a 1.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,300 shares of company stock valued at $2,129,924. Insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EPAM. Farther Finance Advisors LLC lifted its stake in shares of EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 106 shares during the last quarter. Van ECK Associates Corp increased its holdings in EPAM Systems by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 9,540 shares of the information technology services provider’s stock worth $1,843,000 after purchasing an additional 946 shares during the period. Principal Financial Group Inc. increased its position in EPAM Systems by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider’s stock valued at $14,066,000 after purchasing an additional 848 shares during the period. Capital Performance Advisors LLP bought a new position in EPAM Systems in the third quarter worth approximately $44,000. Finally, Lindbrook Capital LLC lifted its holdings in EPAM Systems by 862.2% during the third quarter. Lindbrook Capital LLC now owns 1,145 shares of the information technology services provider’s stock worth $228,000 after buying an additional 1,026 shares during the period. 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.