EPAM Systems (NYSE:EPAM) Price Target Lowered to $250.00 at Scotiabank

EPAM Systems (NYSE:EPAM) had its price objective reduced by Scotiabank from $275.00 to $250.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a sector outperform rating on the information technology services provider’s stock.

Several other research analysts have also commented on EPAM. Mizuho boosted their price target on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Barclays raised EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $250.00 to $290.00 in a research report on Tuesday, December 17th. Morgan Stanley boosted their price target on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group reduced their price target 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 analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $268.44.

EPAM Systems Trading Down 0.7 %

Shares of NYSE EPAM opened at $207.37 on Monday. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $242.83 and a two-hundred day simple moving average of $222.55. The firm has a market cap of $11.76 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.51. EPAM Systems has a twelve month low of $169.43 and a twelve month high of $317.50.

EPAM Systems (NYSE:EPAM) last issued its 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). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Analysts expect that EPAM Systems will post 8.9 earnings per share for the current fiscal year.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,078 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares in the company, valued at $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 available through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the sale, the senior vice president now owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,300 shares of company stock worth $2,129,924. 4.30% of the stock is currently owned by insiders.

Institutional Trading of EPAM Systems

A number of hedge funds have recently modified their holdings of EPAM. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of EPAM Systems by 2,500.0% in the fourth 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 last quarter. TD Private Client Wealth LLC boosted its stake in shares of EPAM Systems by 88.5% in the fourth 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 last quarter. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems in the fourth quarter worth about $35,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors 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.