EPAM Systems (NYSE:EPAM) Given New $200.00 Price Target at Scotiabank

EPAM Systems (NYSE:EPAM) had its price objective cut by Scotiabank from $250.00 to $200.00 in a report published on Tuesday,Benzinga reports. They currently have a sector outperform rating on the information technology services provider’s stock.

A number of other analysts have also issued reports on the stock. Barclays reduced their price target on shares of EPAM Systems from $270.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, April 25th. Guggenheim cut their target price on shares of EPAM Systems from $285.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, April 25th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price objective on shares of EPAM Systems in a report on Thursday, February 20th. Finally, Piper Sandler cut EPAM Systems from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $251.00 to $170.00 in a research report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating and ten have given 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 $232.44.

EPAM Systems Trading Up 1.0 %

EPAM Systems stock opened at $158.46 on Tuesday. EPAM Systems has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 3.38 and a beta of 1.69. The company has a 50 day moving average price of $170.63 and a 200 day moving average price of $212.31.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Research analysts forecast that EPAM Systems will post 8.9 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EPAM. Ninety One UK Ltd bought a new stake in EPAM Systems during the first quarter valued at about $186,280,000. Norges Bank bought a new stake in EPAM Systems during the 4th quarter valued at approximately $173,053,000. William Blair Investment Management LLC acquired a new stake in EPAM Systems in the 4th quarter valued at approximately $166,906,000. Ameriprise Financial Inc. increased its position in EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider’s stock worth $510,053,000 after buying an additional 620,551 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of EPAM Systems by 126.4% during the fourth quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider’s stock worth $179,944,000 after buying an additional 429,644 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Company Profile

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.