EPAM Systems (NYSE:EPAM) Sets New 12-Month Low – Time to Sell?

EPAM Systems, Inc. (NYSE:EPAM) reached a new 52-week low during trading on Friday . The stock traded as low as $168.70 and last traded at $169.11, with a volume of 147795 shares. The stock had previously closed at $174.23.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Scotiabank dropped their price target on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 24th. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Morgan Stanley boosted their target price on EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group reduced their price objective on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $262.47.

EPAM Systems Stock Performance

The company has a 50 day simple moving average of $222.15 and a 200-day simple moving average of $220.78. The stock has a market capitalization of $9.57 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 3.38 and a beta of 1.61. 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 posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business 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%. On average, equities analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling

In other EPAM Systems news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now directly owns 23,382 shares of the company’s stock, valued at $6,009,174. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On EPAM Systems

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of EPAM Systems during the 4th quarter valued at about $173,053,000. William Blair Investment Management LLC bought a new stake in EPAM Systems during the fourth quarter valued at approximately $166,906,000. Ameriprise Financial Inc. raised its position in shares of EPAM Systems by 39.8% during the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock valued at $510,053,000 after buying an additional 620,551 shares in the last quarter. Marshall Wace LLP raised its position in shares of 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 valued at $179,944,000 after buying an additional 429,644 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of EPAM Systems by 22.0% during the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider’s stock worth $538,778,000 after acquiring an additional 414,942 shares during the last quarter. 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.