EPAM Systems (NYSE:EPAM) Raised to “Equal Weight” 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 reports. They currently have $225.00 price objective on the information technology services provider’s stock, down from their previous price objective of $236.00.

Several other analysts have also issued reports on the stock. Stifel Nicolaus upped their target price on shares of EPAM Systems from $288.00 to $301.00 and gave the stock a buy rating in a research note on Monday, February 12th. Citigroup lowered their price objective on EPAM Systems from $325.00 to $275.00 and set a neutral rating on the stock in a research note on Monday, April 22nd. Wolfe Research upgraded EPAM Systems from a peer perform rating to an outperform rating and set a $355.00 price objective on the stock in a research note on Thursday, January 4th. Mizuho boosted their price objective on EPAM Systems from $340.00 to $345.00 and gave the company a buy rating in a research note on Friday, February 16th. Finally, Barclays boosted their price objective on EPAM Systems from $305.00 to $315.00 and gave the company an equal weight rating in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has a consensus rating of Moderate Buy and an average target price of $323.93.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $237.75 on Friday. The firm has a market capitalization of $13.79 billion, a PE ratio of 33.63, a price-to-earnings-growth ratio of 10.37 and a beta of 1.43. The firm has a fifty day simple moving average of $280.94 and a two-hundred day simple moving average of $273.73. The company has a current ratio of 4.79, a quick ratio of 4.79 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12 month low of $197.99 and a 12 month high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $2.71 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. Analysts forecast that EPAM Systems will post 7.72 EPS for the current fiscal year.

Insider Transactions at EPAM Systems

In other news, EVP Balazs Fejes sold 3,470 shares of the business’s stock in a transaction dated 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 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 can be accessed through the SEC website. In other EPAM Systems news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the completion of the sale, the senior vice president now owns 12,117 shares of the company’s stock, valued at $3,707,802. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the executive vice president now directly 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. Over the last 90 days, insiders sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is owned by corporate insiders.

Institutional Trading of EPAM Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new stake in EPAM Systems in the fourth quarter worth approximately $25,000. Riverview Trust Co purchased a new stake in EPAM Systems in the first quarter worth approximately $29,000. VisionPoint Advisory Group LLC boosted its stake in EPAM Systems by 103.0% in the third quarter. VisionPoint Advisory Group LLC now owns 136 shares of the information technology services provider’s stock worth $35,000 after buying an additional 69 shares in the last quarter. Principal Securities Inc. purchased a new stake in EPAM Systems in the fourth quarter worth approximately $43,000. Finally, Lindbrook Capital LLC lifted its position in EPAM Systems by 123.3% in the third 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 during the last quarter. 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.