EPAM Systems (NYSE:EPAM) Trading Up 5.8%

EPAM Systems, Inc. (NYSE:EPAM)’s stock price was up 5.8% during trading on Thursday . The stock traded as high as $180.66 and last traded at $180.15. Approximately 214,918 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 610,479 shares. The stock had previously closed at $170.25.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EPAM. TD Cowen dropped their target price on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating for the company in a report on Friday, May 10th. Citigroup dropped their price objective on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Morgan Stanley raised shares of EPAM Systems from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $236.00 to $225.00 in a report on Friday, April 26th. Scotiabank downgraded shares of EPAM Systems from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $300.00 to $245.00 in a report on Friday, May 10th. Finally, Mizuho lowered their price target on shares of EPAM Systems from $345.00 to $258.00 and set a “buy” rating for the company in a report on Tuesday, May 14th. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.35.

EPAM Systems Stock Up 1.6 %

The company’s 50 day moving average price is $203.74 and its two-hundred day moving average price is $260.01. The company has a quick ratio of 4.68, a current ratio of 4.68 and a debt-to-equity ratio of 0.01. The stock has a market cap of $10.71 billion, a P/E ratio of 25.26, a P/E/G ratio of 4.20 and a beta of 1.42.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. As a group, research analysts expect that EPAM Systems, Inc. will post 7.81 earnings per share for the current year.

Institutional Investors Weigh In On EPAM Systems

Large investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. purchased a new stake in EPAM Systems in the third quarter valued at $1,124,000. Envestnet Asset Management Inc. boosted its holdings in EPAM Systems by 95.8% in the third quarter. Envestnet Asset Management Inc. now owns 166,346 shares of the information technology services provider’s stock valued at $42,533,000 after purchasing an additional 81,386 shares during the last quarter. CI Investments Inc. boosted its holdings in EPAM Systems by 123.4% in the third quarter. CI Investments Inc. now owns 1,463 shares of the information technology services provider’s stock valued at $374,000 after purchasing an additional 808 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in EPAM Systems by 18.9% in the third quarter. Hsbc Holdings PLC now owns 155,374 shares of the information technology services provider’s stock valued at $39,760,000 after purchasing an additional 24,666 shares during the last quarter. Finally, Mariner LLC boosted its holdings in EPAM Systems by 22.8% in the third quarter. Mariner LLC now owns 2,033 shares of the information technology services provider’s stock valued at $520,000 after purchasing an additional 377 shares during the last quarter. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.