EPAM Systems (NYSE:EPAM) Shares Gap Down – Time to Sell?

EPAM Systems, Inc. (NYSE:EPAM) gapped down prior to trading on Friday . The stock had previously closed at $184.69, but opened at $179.97. EPAM Systems shares last traded at $180.60, with a volume of 162,957 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on EPAM shares. StockNews.com lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Morgan Stanley decreased their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, May 9th. Piper Sandler upped their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Stifel Nicolaus decreased their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Finally, Susquehanna decreased their price objective on shares of EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.50.

EPAM Systems Stock Down 0.6%

The company’s 50-day moving average is $164.77 and its 200 day moving average is $210.84. The company has a market capitalization of $10.47 billion, a PE ratio of 23.41, a P/E/G ratio of 3.38 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.27 by $0.14. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm posted $2.46 EPS. EPAM Systems’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Institutional Trading of EPAM Systems

Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock worth $602,674,000 after acquiring an additional 965,089 shares during the period. Capital World Investors grew its stake in shares of EPAM Systems by 22.0% in the fourth 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 period. Ameriprise Financial Inc. grew its stake in shares of EPAM Systems by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock worth $383,267,000 after acquiring an additional 89,418 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock worth $274,923,000 after acquiring an additional 809,423 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of EPAM Systems by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider’s stock worth $314,616,000 after acquiring an additional 37,119 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

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.