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

EPAM Systems (NYSE:EPAM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Several other research firms also recently commented on EPAM. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research report on Thursday. Mizuho upped their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $250.00 to $290.00 in a research note on Tuesday, December 17th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $245.00 to $275.00 in a research report on Monday, November 11th. Finally, Jefferies Financial Group decreased their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.83.

EPAM Systems Stock Down 7.2 %

Shares of NYSE:EPAM opened at $208.98 on Friday. The firm has a 50 day simple moving average of $243.56 and a 200-day simple moving average of $222.34. EPAM Systems has a twelve month low of $169.43 and a twelve 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 company has a market capitalization of $11.85 billion, a PE ratio of 26.66, a P/E/G ratio of 3.38 and a beta of 1.51.

EPAM Systems (NYSE:EPAM) last announced 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 analysts’ expectations of $1.21 billion. On average, equities analysts predict that EPAM Systems will post 8.9 EPS for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the business’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 sale, the chief financial officer now directly owns 23,382 shares in the company, valued at $6,009,174. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,300 shares of company stock valued at $2,129,924. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Large investors have recently modified their holdings of the business. Capital World Investors lifted 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 in the last quarter. 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 valued at $510,053,000 after acquiring an additional 620,551 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of EPAM Systems by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider’s stock valued at $314,616,000 after acquiring an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in EPAM Systems by 96.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider’s stock worth $191,471,000 after purchasing an additional 401,355 shares in the last quarter. Finally, Marshall Wace LLP increased its position in EPAM Systems by 126.4% during the 4th 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 in the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

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.