EPAM Systems (NYSE:EPAM) PT Lowered to $230.00 at Piper Sandler

EPAM Systems (NYSE:EPAM) had its price objective decreased by Piper Sandler from $252.00 to $230.00 in a research note released on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the information technology services provider’s stock.

EPAM has been the subject of a number of other research reports. Citigroup dropped their target price on EPAM Systems from $325.00 to $275.00 and set a neutral rating for the company in a report on Monday, April 22nd. Guggenheim began coverage on EPAM Systems in a report on Tuesday, March 19th. They issued a buy rating and a $350.00 target price for the company. Redburn Atlantic began coverage on EPAM Systems in a report on Friday, May 24th. They issued a neutral rating and a $195.00 target price for the company. Needham & Company LLC dropped their target price on EPAM Systems from $350.00 to $210.00 and set a buy rating for the company in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. dropped their target price on EPAM Systems from $331.00 to $311.00 and set an overweight rating for the company in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $276.35.

EPAM Systems Stock Performance

NYSE EPAM opened at $177.58 on Thursday. The stock has a market capitalization of $10.30 billion, a PE ratio of 24.29, a P/E/G ratio of 4.11 and a beta of 1.42. The business has a 50 day simple moving average of $212.83 and a two-hundred day simple moving average of $262.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. EPAM Systems has a 1-year low of $172.95 and a 1-year high of $317.50.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. On average, research analysts predict that EPAM Systems will post 7.81 EPS for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. raised its position in EPAM Systems by 3.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock valued at $367,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. raised its position in shares of EPAM Systems by 0.8% in the 1st quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock worth $1,641,000 after acquiring an additional 46 shares in the last quarter. Czech National Bank raised its position in shares of EPAM Systems by 0.5% in the 1st quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock worth $2,804,000 after acquiring an additional 46 shares in the last quarter. Transatlantique Private Wealth LLC raised its position in shares of EPAM Systems by 1.5% in the 3rd quarter. Transatlantique Private Wealth LLC now owns 3,313 shares of the information technology services provider’s stock worth $841,000 after acquiring an additional 48 shares in the last quarter. Finally, Meridian Management Co. raised its position in shares of EPAM Systems by 0.6% in the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock worth $2,372,000 after acquiring an additional 48 shares in the last quarter. 91.58% of the stock is owned by 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.