EPAM Systems (NYSE:EPAM) Price Target Cut to $275.00

EPAM Systems (NYSE:EPAM) had its target price dropped by research analysts at Citigroup from $325.00 to $275.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. Citigroup’s target price indicates a potential upside of 10.95% from the stock’s current price.

Other analysts have also issued reports about the company. Barclays boosted their price objective on EPAM Systems from $305.00 to $315.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 20th. Stifel Nicolaus upped their target price on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a “buy” rating in a report on Monday, February 12th. HSBC cut their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Susquehanna upped their price target on shares of EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Finally, Mizuho lifted their price objective on EPAM Systems from $340.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $328.00.

EPAM Systems Stock Performance

Shares of EPAM opened at $247.86 on Monday. EPAM Systems has a 1 year low of $197.99 and a 1 year high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.79 and a quick ratio of 4.79. The stock’s fifty day moving average price is $284.37 and its two-hundred day moving average price is $273.89. The firm has a market cap of $14.37 billion, a PE ratio of 35.06, a PEG ratio of 10.73 and a beta of 1.44.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.24. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $2.71 earnings per share. On average, equities research analysts forecast that EPAM Systems will post 7.72 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EPAM Systems news, 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 sale, the senior vice president now directly owns 12,770 shares in the company, valued at $3,857,050.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated 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 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. Insiders sold 16,820 shares of company stock worth $5,101,117 in the last quarter. 4.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EPAM. Fifth Third Bancorp boosted its holdings in shares of EPAM Systems by 6.2% during the first quarter. Fifth Third Bancorp now owns 1,725 shares of the information technology services provider’s stock worth $476,000 after purchasing an additional 101 shares during the period. Summit Trail Advisors LLC lifted its holdings in EPAM Systems by 16.8% in the 1st quarter. Summit Trail Advisors LLC now owns 1,086 shares of the information technology services provider’s stock worth $300,000 after buying an additional 156 shares during the period. IFM Investors Pty Ltd increased its stake in shares of EPAM Systems by 1.1% during the first quarter. IFM Investors Pty Ltd now owns 11,833 shares of the information technology services provider’s stock valued at $3,268,000 after buying an additional 126 shares during the period. Veracity Capital LLC raised its holdings in shares of EPAM Systems by 92.7% during the first quarter. Veracity Capital LLC now owns 1,476 shares of the information technology services provider’s stock valued at $408,000 after acquiring an additional 710 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its stake in EPAM Systems by 13.6% in the first quarter. First Trust Direct Indexing L.P. now owns 883 shares of the information technology services provider’s stock worth $244,000 after acquiring an additional 106 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.