EPAM Systems (NYSE:EPAM) Price Target Cut to $200.00 by Analysts at Scotiabank

EPAM Systems (NYSE:EPAM) had its price target trimmed by Scotiabank from $250.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a sector outperform rating on the information technology services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Guggenheim lowered their price objective on EPAM Systems from $285.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. Barclays cut their price target on shares of EPAM Systems from $270.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, April 25th. Morgan Stanley raised their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Piper Sandler downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $251.00 to $170.00 in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $232.44.

EPAM Systems Trading Up 0.6 %

Shares of EPAM stock opened at $159.84 on Tuesday. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.38 and a beta of 1.69. The company’s fifty day simple moving average is $172.65 and its two-hundred day simple moving average is $212.97. EPAM Systems has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

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 analysts’ consensus estimates of $2.75 by ($0.52). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

Institutional Trading of EPAM Systems

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of EPAM Systems by 90.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 125 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of EPAM Systems during the 1st quarter worth approximately $33,000. TD Private Client Wealth LLC raised its position in shares of EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after acquiring an additional 69 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in shares of EPAM Systems in the 4th quarter valued at approximately $35,000. 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.