EPAM Systems (NYSE:EPAM) Downgraded to "Hold" Rating by StockNews.com

StockNews.com downgraded shares of EPAM Systems (NYSE:EPAM - Free Report) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other research analysts have also recently commented on EPAM. Scotiabank cut 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 note on Monday, February 24th. Jefferies Financial Group decreased their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley increased 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. Barclays reduced their target price on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Finally, 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. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $251.80.

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EPAM Systems Stock Performance

Shares of EPAM stock traded down $0.41 during trading hours on Friday, reaching $151.56. 628,174 shares of the company's stock were exchanged, compared to its average volume of 694,604. The business has a fifty day moving average price of $196.30 and a 200-day moving average price of $216.42. The stock has a market capitalization of $8.65 billion, a P/E ratio of 19.33, a P/E/G ratio of 3.38 and a beta of 1.69. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. EPAM Systems has a fifty-two week low of $138.15 and a fifty-two week high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Analysts predict that EPAM Systems will post 8.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 4.30% of the company's stock.

Institutional Trading of EPAM Systems

A number of institutional investors have recently bought and sold shares of EPAM. Norges Bank acquired a new position in EPAM Systems during the fourth quarter valued at approximately $173,053,000. William Blair Investment Management LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $166,906,000. Ameriprise Financial Inc. lifted its position in shares of EPAM Systems by 39.8% in the fourth quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after purchasing an additional 620,551 shares in the last quarter. Marshall Wace LLP boosted its holdings in EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after purchasing an additional 429,644 shares during the last quarter. Finally, Capital World Investors increased its stake in EPAM Systems by 22.0% in the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after buying an additional 414,942 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.