EPAM Systems (NYSE:EPAM) Price Target Lowered to $317.00 at Piper Sandler

EPAM Systems (NYSE:EPAM) had its price objective decreased by Piper Sandler from $369.00 to $317.00 in a report published on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the information technology services provider’s stock.

A number of other brokerages also recently weighed in on EPAM. Morgan Stanley raised EPAM Systems from an underweight rating to an equal weight rating and lowered their price target for the stock from $236.00 to $225.00 in a research report on Friday, April 26th. Barclays lowered their target price on EPAM Systems from $315.00 to $265.00 and set an equal weight rating on the stock in a research note on Friday, April 26th. Jefferies Financial Group restated a hold rating and issued a $295.00 price target on shares of EPAM Systems in a research note on Thursday, January 11th. Needham & Company LLC lifted their price target on shares of EPAM Systems from $295.00 to $350.00 and gave the company a buy rating in a research report on Thursday, February 15th. Finally, Wolfe Research raised EPAM Systems from a peer perform rating to an outperform rating and set a $355.00 price objective for the company in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $315.60.

EPAM Systems Trading Up 1.7 %

Shares of NYSE:EPAM traded up $3.94 during trading on Thursday, hitting $242.12. 347,078 shares of the company’s stock were exchanged, compared to its average volume of 451,671. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems has a 1-year low of $197.99 and a 1-year high of $317.50. The firm has a 50-day moving average price of $274.43 and a two-hundred day moving average price of $273.18. The firm has a market cap of $14.04 billion, a P/E ratio of 34.25, a PEG ratio of 10.40 and a beta of 1.46.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 EPS for the quarter, topping the consensus estimate of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $2.71 EPS. Equities analysts predict that EPAM Systems will post 7.71 earnings per share for the current year.

Insider Buying and Selling at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the transaction, the executive vice president now owns 13,334 shares of the company’s stock, valued at approximately $4,025,934.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value of $2,416,320.00. Following the transaction, the senior vice president now directly owns 12,770 shares in the company, valued at approximately $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Balazs Fejes sold 3,470 shares of EPAM Systems stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $301.93, for a total transaction of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,820 shares of company stock worth $5,101,117. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On EPAM Systems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPAM. Benjamin F. Edwards & Company Inc. bought a new position in shares of EPAM Systems during the fourth quarter valued at $25,000. Riverview Trust Co bought a new position in shares of EPAM Systems in the first quarter worth about $29,000. VisionPoint Advisory Group LLC lifted its holdings in EPAM Systems by 103.0% during the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 69 shares in the last quarter. Lindbrook Capital LLC increased its stake in EPAM Systems by 123.3% in the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock worth $42,000 after buying an additional 90 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in EPAM Systems during the 4th quarter valued at approximately $43,000. 91.58% of the stock is currently owned by institutional investors.

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.