EPAM Systems (NYSE:EPAM) Rating Lowered to "Hold" at StockNews.com

EPAM Systems (NYSE:EPAM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

A number of other equities research analysts have also recently commented on EPAM. Morgan Stanley increased their target price on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Citigroup increased their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Mizuho lifted their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Piper Sandler upped their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Barclays upgraded shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $250.00 to $290.00 in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $268.44.

EPAM Systems Price Performance

Shares of EPAM stock traded up $3.22 during mid-day trading on Friday, reaching $210.60. The stock had a trading volume of 1,014,209 shares, compared to its average volume of 624,875. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $242.83 and a 200 day simple moving average of $222.55. The company has a market cap of $11.95 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its earnings results 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). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. On average, sell-side analysts anticipate that EPAM Systems will post 8.9 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the sale, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,300 shares of company stock valued at $2,129,924. Company insiders own 4.30% of the company's stock.

Institutional Trading of EPAM Systems

Large investors have recently bought and sold shares of the company. Challenger Wealth Management purchased a new position in shares of EPAM Systems in the fourth quarter valued at $351,000. GTS Securities LLC lifted its holdings in EPAM Systems by 106.5% in the 4th quarter. GTS Securities LLC now owns 864 shares of the information technology services provider's stock worth $202,000 after buying an additional 14,055 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in EPAM Systems by 53.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 282,360 shares of the information technology services provider's stock valued at $66,021,000 after buying an additional 98,731 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of EPAM Systems during the fourth quarter valued at about $342,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of EPAM Systems by 17.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 347,067 shares of the information technology services provider's stock worth $81,151,000 after acquiring an additional 51,410 shares during the last quarter. Institutional investors and hedge funds 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.