EPAM Systems (NYSE:EPAM) Price Target Cut to $399.00

EPAM Systems (NYSE:EPAMGet Rating) had its price target lowered by Piper Sandler from $414.00 to $399.00 in a research note issued to 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 would indicate a potential upside of 26.00% from the stock’s current price.

EPAM has been the topic of several other reports. Morgan Stanley decreased their price objective on shares of EPAM Systems from $480.00 to $435.00 and set an “overweight” rating on the stock in a report on Friday, November 4th. Susquehanna Bancshares decreased their price target on shares of EPAM Systems from $496.00 to $475.00 and set a “positive” rating on the stock in a research note on Friday, September 16th. KeyCorp decreased their price target on shares of EPAM Systems from $510.00 to $424.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Barclays decreased their price target on shares of EPAM Systems from $485.00 to $400.00 and set an “overweight” rating on the stock in a research note on Sunday, November 6th. Finally, Susquehanna decreased their price target on shares of EPAM Systems from $496.00 to $475.00 and set a “positive” rating on the stock in a research note on Friday, September 16th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $417.87.

EPAM Systems Stock Performance

NYSE EPAM opened at $316.67 on Friday. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $337.82 and its two-hundred day moving average price is $357.46. EPAM Systems has a 1 year low of $168.59 and a 1 year high of $584.69. The firm has a market capitalization of $18.21 billion, a P/E ratio of 46.09, a price-to-earnings-growth ratio of 1.70 and a beta of 1.59.

EPAM Systems (NYSE:EPAMGet Rating) last released its quarterly earnings data 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. EPAM Systems had a net margin of 8.65% and a return on equity of 22.12%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, research analysts anticipate that EPAM Systems will post 9.32 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EPAM. CI Investments Inc. raised its holdings in EPAM Systems by 900.0% in the 3rd quarter. CI Investments Inc. now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 63 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in EPAM Systems by 443.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 87 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Sterling Investment Advisors Ltd. raised its holdings in EPAM Systems by 3,333.3% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 103 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 100 shares during the last quarter. Semmax Financial Advisors Inc. raised its holdings in EPAM Systems by 84.3% in the 3rd quarter. Semmax Financial Advisors Inc. now owns 94 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 43 shares during the last quarter. Finally, Lindbrook Capital LLC increased its position in EPAM Systems by 59.7% during the 2nd quarter. Lindbrook Capital LLC now owns 115 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 43 shares during the period. Institutional investors own 92.29% of the company’s stock.

About EPAM Systems

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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.

Further Reading

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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