EPAM Systems (NYSE:EPAM) Lowered to “Hold” Rating by StockNews.com

EPAM Systems (NYSE:EPAM) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts have also weighed in on the company. Scotiabank cut their price objective on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating for the company in a research report on Monday, February 24th. Jefferies Financial Group decreased their price objective on shares of EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Barclays dropped their price target on EPAM Systems from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Morgan Stanley upped their target price on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and an average target price of $251.80.

EPAM Systems Trading Up 0.9 %

NYSE:EPAM opened at $147.54 on Friday. EPAM Systems has a one year low of $138.15 and a one year high of $269.00. The firm has a market capitalization of $8.42 billion, a P/E ratio of 18.82, a PEG ratio of 3.38 and a beta of 1.69. The company’s 50-day simple moving average is $198.41 and its 200 day simple moving average is $216.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, analysts forecast 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 dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total transaction of $277,046.00. Following the transaction, the chief financial officer now directly owns 23,382 shares in the company, valued at approximately $6,009,174. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EPAM. Janus Henderson Group PLC increased its holdings in shares of EPAM Systems by 1.3% in the 3rd quarter. Janus Henderson Group PLC now owns 6,711 shares of the information technology services provider’s stock valued at $1,337,000 after acquiring an additional 85 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of EPAM Systems by 13.6% in the 3rd quarter. Stifel Financial Corp now owns 32,329 shares of the information technology services provider’s stock worth $6,434,000 after purchasing an additional 3,864 shares during the last quarter. MML Investors Services LLC grew its stake in EPAM Systems by 19.1% during the 3rd quarter. MML Investors Services LLC now owns 6,522 shares of the information technology services provider’s stock worth $1,298,000 after buying an additional 1,045 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in EPAM Systems by 12.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,848 shares of the information technology services provider’s stock worth $3,353,000 after buying an additional 1,801 shares during the period. Finally, Barclays PLC lifted its stake in EPAM Systems by 12.2% in the third quarter. Barclays PLC now owns 128,629 shares of the information technology services provider’s stock valued at $25,602,000 after buying an additional 13,981 shares during the last quarter. 91.58% of the stock is 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.