EPAM Systems (NYSE:EPAM) Given New $265.00 Price Target at Barclays

EPAM Systems (NYSE:EPAM) had its price target lowered by Barclays from $315.00 to $265.00 in a report published on Friday, Benzinga reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

EPAM has been the topic of several other reports. HSBC reduced their target price on EPAM Systems from $350.00 to $345.00 and set a buy rating on the stock in a research report on Wednesday, April 3rd. Mizuho raised their price target on EPAM Systems from $340.00 to $345.00 and gave the stock a buy rating in a report on Friday, February 16th. Scotiabank raised EPAM Systems from a sector perform rating to a sector outperform rating and lifted their target price for the company from $265.00 to $350.00 in a research note on Friday, February 16th. Piper Sandler restated an overweight rating and set a $369.00 price objective on shares of EPAM Systems in a research report on Monday, March 4th. Finally, Jefferies Financial Group reaffirmed a hold rating and set a $295.00 price target on shares of EPAM Systems in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $323.93.

EPAM Systems Price Performance

EPAM Systems stock opened at $237.75 on Friday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 33.63, a P/E/G ratio of 10.35 and a beta of 1.43. EPAM Systems has a 1 year low of $197.99 and a 1 year high of $317.50. The company’s fifty day moving average price is $282.43 and its 200 day moving average price is $273.43. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $2.71 EPS. EPAM Systems’s revenue was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that EPAM Systems will post 7.72 earnings per share for the current fiscal year.

Insider Activity at EPAM Systems

In related news, EVP Balazs Fejes sold 3,470 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 13,334 shares of the company’s stock, valued at $4,025,934.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EPAM Systems news, EVP Balazs Fejes sold 3,470 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $301.93, for a total value of $1,047,697.10. Following the sale, the executive vice president now owns 13,334 shares in the company, valued at $4,025,934.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sergey Yezhkov sold 8,000 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,820 shares of company stock valued at $5,101,117. Insiders own 4.30% of the company’s stock.

Hedge Funds Weigh In On EPAM Systems

A number of large investors have recently made changes to their positions in EPAM. Benjamin F. Edwards & Company Inc. bought a new position in EPAM Systems during the 4th quarter worth $25,000. Riverview Trust Co bought a new position in EPAM Systems during the 1st quarter worth $29,000. VisionPoint Advisory Group LLC increased its stake in EPAM Systems by 103.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 69 shares during the period. Principal Securities Inc. acquired a new stake in shares of EPAM Systems in the 4th quarter valued at $43,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of EPAM Systems by 123.3% in the 3rd quarter. Lindbrook Capital LLC now owns 163 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 90 shares in the last quarter. 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.