EPAM Systems (NYSE:EPAM) Given New $240.00 Price Target at Susquehanna

EPAM Systems (NYSE:EPAM) had its price objective trimmed by Susquehanna from $260.00 to $240.00 in a research report report published on Friday, Benzinga reports. They currently have a positive rating on the information technology services provider’s stock.

EPAM has been the subject of several other reports. Barclays lifted their price target on shares of EPAM Systems from $200.00 to $225.00 and gave the company an equal weight rating in a report on Tuesday, July 23rd. Piper Sandler reduced their target price on EPAM Systems from $230.00 to $225.00 and set an overweight rating on the stock in a report on Thursday. TD Cowen cut their price objective on EPAM Systems from $282.00 to $203.00 and set a hold rating for the company in a research report on Friday, May 10th. Jefferies Financial Group upgraded EPAM Systems from a hold rating to a buy rating and increased their target price for the stock from $202.00 to $237.00 in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. cut their price target on EPAM Systems from $331.00 to $311.00 and set an overweight rating for the company in a report on Thursday, May 2nd. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of Moderate Buy and a consensus price target of $263.33.

EPAM Systems Price Performance

NYSE EPAM traded up $2.05 during trading on Friday, reaching $193.21. 801,406 shares of the company traded hands, compared to its average volume of 638,592. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.68 and a current ratio of 4.68. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 4.97 and a beta of 1.45. EPAM Systems has a 1-year low of $169.43 and a 1-year high of $317.50. The stock’s 50 day moving average price is $191.62 and its two-hundred day moving average price is $236.95.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.09. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. As a group, analysts anticipate that EPAM Systems will post 7.81 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Flossbach Von Storch AG boosted its position in shares of EPAM Systems by 46.7% during the fourth quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock worth $3,271,000 after purchasing an additional 3,500 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EPAM Systems by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 394,211 shares of the information technology services provider’s stock valued at $117,215,000 after acquiring an additional 17,609 shares in the last quarter. Versor Investments LP acquired a new stake in shares of EPAM Systems in the fourth quarter valued at approximately $357,000. Price T Rowe Associates Inc. MD boosted its holdings in EPAM Systems by 372.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 476,311 shares of the information technology services provider’s stock worth $141,627,000 after purchasing an additional 375,439 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in EPAM Systems in the 4th quarter valued at $285,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

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.