EPAM Systems (NYSE:EPAM) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of EPAM Systems (NYSE:EPAM) from an underweight rating to an equal weight rating in a research note released on Friday, Marketbeat.com reports. Morgan Stanley currently has $225.00 price target on the information technology services provider’s stock, down from their previous price target of $236.00.

Several other research firms also recently weighed in on EPAM. Wolfe Research raised shares of EPAM Systems from a peer perform rating to an outperform rating and set a $355.00 price target on the stock in a research note on Thursday, January 4th. Jefferies Financial Group reissued a hold rating and issued a $295.00 price target on shares of EPAM Systems in a research note on Thursday, January 11th. Barclays boosted their price target on shares of EPAM Systems from $305.00 to $315.00 and gave the company an equal weight rating in a research note on Tuesday, February 20th. Needham & Company LLC boosted their price target on shares of EPAM Systems from $295.00 to $350.00 and gave the company a buy rating in a research note on Thursday, February 15th. Finally, Wedbush reissued an outperform rating and issued a $340.00 price target on shares of EPAM Systems in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, EPAM Systems presently has a consensus rating of Moderate Buy and a consensus price target of $323.93.

EPAM Systems Stock Up 0.3 %

Shares of NYSE EPAM opened at $237.75 on Friday. The company’s 50-day simple moving average is $282.43 and its 200-day simple moving average is $273.43. EPAM Systems has a 52-week low of $197.99 and a 52-week high of $317.50. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 10.35 and a beta of 1.43. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.24. EPAM Systems had a net margin of 8.89% and a return on equity of 15.53%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business earned $2.71 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities analysts predict that EPAM Systems will post 7.72 EPS for the current fiscal year.

Insider Activity at EPAM Systems

In related news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the completion of the sale, the senior vice president now owns 12,770 shares in the company, valued at approximately $3,857,050.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction on Monday, February 26th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 16,820 shares of company stock worth $5,101,117 in the last 90 days. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On EPAM Systems

A number of large investors have recently bought and sold shares of the company. Natixis Advisors L.P. grew its stake in shares of EPAM Systems by 5.1% during the 3rd quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock worth $7,210,000 after purchasing an additional 1,370 shares during the period. Lone Pine Capital LLC grew its stake in EPAM Systems by 9.2% in the 3rd quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock valued at $269,556,000 after acquiring an additional 88,641 shares during the last quarter. TD Asset Management Inc grew its stake in EPAM Systems by 2.5% in the 3rd quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider’s stock valued at $16,127,000 after acquiring an additional 1,558 shares during the last quarter. Flossbach Von Storch AG grew its stake in EPAM Systems by 46.7% in the 4th quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock valued at $3,271,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at about $13,402,000. Hedge funds and other institutional investors own 91.58% 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, performance tuning, deployment, maintenance, and support services.