EPAM Systems (NYSE:EPAM – Get Rating) had its price target cut by analysts at Piper Sandler from $414.00 to $399.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 27.28% from the company’s previous close.
Several other equities research analysts have also commented on EPAM. Wolfe Research lowered EPAM Systems from an “outperform” rating to a “peer perform” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on EPAM Systems from $365.00 to $405.00 in a research report on Thursday, December 15th. Needham & Company LLC decreased their target price on EPAM Systems from $490.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, November 3rd. Susquehanna Bancshares decreased their target price on EPAM Systems from $496.00 to $475.00 and set a “positive” rating for the company in a research report on Friday, September 16th. Finally, Citigroup decreased their target price on EPAM Systems from $520.00 to $400.00 in a research report on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $417.87.
EPAM Systems Stock Performance
EPAM Systems stock opened at $313.48 on Friday. The firm has a market capitalization of $18.03 billion, a P/E ratio of 45.63, a PEG ratio of 1.82 and a beta of 1.59. The stock has a fifty day moving average price of $338.48 and a 200 day moving average price of $356.92. EPAM Systems has a 52 week low of $168.59 and a 52 week high of $590.81. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01.
EPAM Systems (NYSE:EPAM – Get Rating) last released its earnings results on Thursday, November 3rd. The information technology services provider reported $2.65 EPS for the quarter, beating the consensus estimate of $2.02 by $0.63. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. EPAM Systems had a return on equity of 22.12% and a net margin of 8.65%. Equities research analysts anticipate that EPAM Systems will post 9.32 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of EPAM. Capital Research Global Investors boosted its holdings in EPAM Systems by 276.4% in the first quarter. Capital Research Global Investors now owns 6,534,789 shares of the information technology services provider’s stock valued at $1,938,272,000 after purchasing an additional 4,798,503 shares during the last quarter. WCM Investment Management LLC raised its stake in EPAM Systems by 35.2% during the third quarter. WCM Investment Management LLC now owns 3,594,596 shares of the information technology services provider’s stock valued at $1,301,747,000 after buying an additional 935,119 shares in the last quarter. FMR LLC raised its stake in EPAM Systems by 50.3% during the second quarter. FMR LLC now owns 1,176,190 shares of the information technology services provider’s stock valued at $346,717,000 after buying an additional 393,786 shares in the last quarter. DSM Capital Partners LLC raised its stake in EPAM Systems by 148.5% during the third quarter. DSM Capital Partners LLC now owns 624,907 shares of the information technology services provider’s stock valued at $226,336,000 after buying an additional 373,436 shares in the last quarter. Finally, Pendal Group Ltd acquired a new stake in EPAM Systems during the third quarter valued at approximately $75,639,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.
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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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