EPAM Systems (NYSE:EPAM) was downgraded by Credit Suisse Group from an “outperform” rating to a “neutral” rating in a report released on Tuesday, February 20th, MarketBeat.com reports. They presently have a $130.00 price objective on the information technology services provider’s stock, up from their previous price objective of $113.85. Credit Suisse Group’s target price suggests a potential upside of 6.71% from the stock’s current price.
Other research analysts also recently issued reports about the company. Bank of America boosted their price target on EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, November 6th. Citigroup boosted their price target on EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target (up from $90.00) on shares of EPAM Systems in a report on Friday, November 3rd. UBS Group reissued a “buy” rating and issued a $105.00 price target (up from $96.00) on shares of EPAM Systems in a report on Friday, November 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 price target on shares of EPAM Systems in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $113.94.
EPAM Systems (NYSE:EPAM) traded up $0.04 during trading on Tuesday, hitting $121.83. The company had a trading volume of 265,724 shares, compared to its average volume of 342,808. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.31 and a quick ratio of 5.31. EPAM Systems has a 12-month low of $71.58 and a 12-month high of $125.88. The firm has a market capitalization of $6,460.00, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96.
In other news, Director Richard Michael Mayoras sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total value of $286,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.17% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in shares of EPAM Systems by 34.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 378 shares in the last quarter. Bank of Montreal Can increased its position in shares of EPAM Systems by 113.9% during the fourth quarter. Bank of Montreal Can now owns 1,773 shares of the information technology services provider’s stock worth $190,000 after purchasing an additional 944 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of EPAM Systems during the fourth quarter worth approximately $204,000. Two Sigma Investments LP purchased a new stake in shares of EPAM Systems during the fourth quarter worth approximately $215,000. Finally, Comerica Bank purchased a new stake in shares of EPAM Systems during the fourth quarter worth approximately $225,000. Institutional investors and hedge funds own 91.61% of the company’s stock.
About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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