EPAM Systems (NYSE:EPAM) PT Lowered to $230.00

EPAM Systems (NYSE:EPAMGet Free Report) had its price target cut by equities researchers at Piper Sandler from $252.00 to $230.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Piper Sandler’s target price points to a potential upside of 29.50% from the company’s current price.

Several other research analysts also recently issued reports on EPAM. Susquehanna upped their price target on shares of EPAM Systems from $300.00 to $360.00 and gave the stock a “positive” rating in a report on Friday, February 16th. Guggenheim began coverage on shares of EPAM Systems in a report on Tuesday, March 19th. They set a “buy” rating and a $350.00 price target for the company. HSBC lowered their price target on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Morgan Stanley upgraded shares of 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 report on Friday, April 26th. Finally, Wedbush reiterated an “outperform” rating and set a $340.00 price target on shares of EPAM Systems in a report on Wednesday, April 10th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $276.35.

Read Our Latest Stock Report on EPAM Systems

EPAM Systems Stock Down 0.2 %

Shares of EPAM opened at $177.61 on Thursday. EPAM Systems has a one year low of $172.95 and a one year high of $317.50. The company has a market cap of $10.30 billion, a P/E ratio of 24.30, a P/E/G ratio of 4.16 and a beta of 1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. The firm has a 50 day simple moving average of $212.83 and a two-hundred day simple moving average of $262.90.

EPAM Systems (NYSE:EPAMGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Research analysts forecast that EPAM Systems will post 7.81 EPS for the current fiscal year.

Institutional Trading of EPAM Systems

Institutional investors have recently bought and sold shares of the company. Capital Research Global Investors boosted its position in shares of EPAM Systems by 0.7% during the 4th quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider’s stock worth $2,289,207,000 after purchasing an additional 51,228 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of EPAM Systems by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 6,865,123 shares of the information technology services provider’s stock worth $1,895,872,000 after purchasing an additional 39,531 shares in the last quarter. Lone Pine Capital LLC boosted its position in shares of EPAM Systems by 9.2% during the 3rd quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock worth $269,556,000 after purchasing an additional 88,641 shares in the last quarter. Northern Trust Corp boosted its position in shares of EPAM Systems by 6.2% during the 3rd quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider’s stock worth $183,243,000 after purchasing an additional 42,077 shares in the last quarter. Finally, Norges Bank bought a new position in shares of EPAM Systems during the 4th quarter worth about $184,713,000. Institutional investors own 91.58% of the company’s stock.

EPAM Systems Company Profile

(Get Free Report)

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.

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Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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