EPAM Systems, Inc. (NYSE:EPAM - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $168.70 and last traded at $169.11, with a volume of 147795 shares changing hands. The stock had previously closed at $174.23.
Wall Street Analyst Weigh In
EPAM has been the subject of several recent analyst reports. Barclays cut their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a report on Thursday, February 20th. StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group lowered their price target on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average price target of $262.47.
View Our Latest Stock Report on EPAM Systems
EPAM Systems Stock Down 0.9 %
The company's 50-day simple moving average is $218.35 and its two-hundred day simple moving average is $220.27. The firm has a market cap of $9.52 billion, a PE ratio of 21.35, a PEG ratio of 3.38 and a beta of 1.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.
EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly 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). EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.21 billion. On average, analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.
Insider Activity at EPAM Systems
In other EPAM Systems 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 completion of the sale, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.30% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in EPAM. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of EPAM Systems by 2,500.0% in the 4th 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 during the period. TD Private Client Wealth LLC grew 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 buying an additional 69 shares during the period. Versant Capital Management Inc bought a new position in shares of EPAM Systems in the 4th quarter worth about $35,000. Finally, Manchester Capital Management LLC boosted its stake in EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company's stock.
About EPAM Systems
(
Get Free Report)
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.
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