Barclays Has Lowered Expectations for EPAM Systems (NYSE:EPAM) Stock Price

EPAM Systems (NYSE:EPAM - Free Report) had its price target decreased by Barclays from $270.00 to $200.00 in a report issued on Friday,Benzinga reports. Barclays currently has an overweight rating on the information technology services provider's stock.

Several other brokerages have also recently weighed in on EPAM. Scotiabank lowered their price target on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, February 24th. Piper Sandler cut EPAM Systems from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $251.00 to $170.00 in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their target price on shares of EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Susquehanna lowered their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price target on shares of EPAM Systems in a research report on Thursday, February 20th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $235.56.

EPAM Systems Trading Down 0.0 %

Shares of NYSE:EPAM traded down $0.03 during trading on Friday, reaching $159.09. 468,839 shares of the company were exchanged, compared to its average volume of 692,833. The business's fifty day simple moving average is $173.96 and its 200-day simple moving average is $213.34. 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 has a 12-month low of $138.15 and a 12-month high of $269.00. The firm has a market capitalization of $9.08 billion, a PE ratio of 20.29, a P/E/G ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. On average, research analysts anticipate that EPAM Systems will post 8.9 EPS for the current year.

Hedge Funds Weigh In On EPAM Systems

Several large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after acquiring an additional 54 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of EPAM Systems by 2,500.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock worth $30,000 after buying an additional 125 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of EPAM Systems in the first quarter valued at about $33,000. TD Private Client Wealth LLC boosted its position in EPAM Systems by 88.5% during the fourth 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 during the last quarter. Finally, Versant Capital Management Inc purchased a new position in EPAM Systems in the 4th quarter worth approximately $35,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

About EPAM Systems

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.