EPAM Systems (NYSE:EPAM) Hits New 1-Year Low at $189.00

EPAM Systems, Inc. (NYSE:EPAM) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $189.00 and last traded at $189.96, with a volume of 485549 shares trading hands. The stock had previously closed at $249.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EPAM shares. JPMorgan Chase & Co. decreased their target price on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Barclays reduced their price objective on EPAM Systems from $315.00 to $265.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $340.00 target price on shares of EPAM Systems in a report on Wednesday, April 10th. Jefferies Financial Group reiterated a “hold” rating and issued a $295.00 target price on shares of EPAM Systems in a report on Thursday, January 11th. Finally, Scotiabank dropped their target price on EPAM Systems from $350.00 to $300.00 and set a “sector outperform” rating for the company in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.60.

EPAM Systems Trading Down 23.9 %

The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 0.01. The firm has a market cap of $11.00 billion, a price-to-earnings ratio of 26.91, a price-to-earnings-growth ratio of 10.58 and a beta of 1.46. The business has a 50 day moving average price of $271.04 and a 200-day moving average price of $273.78.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $2.71 earnings per share. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, research analysts expect that EPAM Systems, Inc. will post 7.7 EPS for the current fiscal year.

Insider Transactions at EPAM Systems

In other news, SVP Sergey Yezhkov sold 8,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.04, for a total transaction of $2,416,320.00. Following the transaction, the senior vice president now owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Lawrence F. Solomon sold 5,350 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were 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 directly owns 12,117 shares in the company, valued at $3,707,802. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sergey Yezhkov sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.04, for a total value of $2,416,320.00. Following the sale, the senior vice president now owns 12,770 shares in the company, valued at $3,857,050.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,820 shares of company stock valued at $5,101,117. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of EPAM Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in EPAM Systems by 0.7% during the 4th quarter. Capital Research Global Investors now owns 7,698,930 shares of the information technology services provider’s stock worth $2,289,207,000 after purchasing an additional 51,228 shares in the last quarter. Vanguard Group Inc. grew its position in shares of EPAM Systems by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 6,825,592 shares of the information technology services provider’s stock valued at $2,029,522,000 after purchasing an additional 34,575 shares during the last quarter. Lone Pine Capital LLC grew its holdings in EPAM Systems by 9.2% in the 3rd quarter. Lone Pine Capital LLC now owns 1,054,229 shares of the information technology services provider’s stock valued at $269,556,000 after buying an additional 88,641 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of EPAM Systems by 6.2% during the third quarter. Northern Trust Corp now owns 716,659 shares of the information technology services provider’s stock worth $183,243,000 after buying an additional 42,077 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of EPAM Systems during the 4th quarter worth approximately $184,713,000. 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.