EPAM Systems (NYSE:EPAM) Stock Rating Upgraded by StockNews.com

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

Several other research analysts have also recently issued reports on EPAM. Needham & Company LLC reissued a "buy" rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. 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. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Barclays reduced their price objective on EPAM Systems from $290.00 to $270.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, Scotiabank cut their price target on EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, February 24th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $257.31.

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EPAM Systems Stock Up 5.6 %

Shares of EPAM stock traded up $8.08 during mid-day trading on Friday, hitting $151.41. The company's stock had a trading volume of 478,892 shares, compared to its average volume of 684,670. EPAM Systems has a 52-week low of $138.15 and a 52-week high of $275.49. The business has a 50-day moving average price of $206.50 and a 200 day moving average price of $218.04. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 3.38 and a beta of 1.69. 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 released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.21 billion. Research analysts predict that EPAM Systems will post 8.9 EPS for the current fiscal year.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of EPAM Systems

A number of large investors have recently added to or reduced their stakes in EPAM. Public Sector Pension Investment Board raised its stake in EPAM Systems by 4.5% during the third quarter. Public Sector Pension Investment Board now owns 2,326 shares of the information technology services provider's stock valued at $463,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors raised its position in shares of EPAM Systems by 70.5% during the 3rd quarter. Captrust Financial Advisors now owns 6,677 shares of the information technology services provider's stock valued at $1,329,000 after buying an additional 2,760 shares in the last quarter. HighTower Advisors LLC grew its position in EPAM Systems by 10.5% in the third quarter. HighTower Advisors LLC now owns 18,458 shares of the information technology services provider's stock worth $3,684,000 after acquiring an additional 1,753 shares in the last quarter. Janus Henderson Group PLC increased its stake in EPAM Systems by 1.3% during the third quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider's stock worth $1,337,000 after acquiring an additional 85 shares during the last quarter. Finally, Investment Management Corp of Ontario raised its position in EPAM Systems by 46.6% during the third quarter. Investment Management Corp of Ontario now owns 1,888 shares of the information technology services provider's stock valued at $376,000 after purchasing an additional 600 shares during the period. Institutional investors own 91.58% of the company's stock.

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.