EPAM Systems (NYSE:EPAM) Hits New 12-Month Low at $179.44

Shares of EPAM Systems, Inc. (NYSE:EPAM) hit a new 52-week low during trading on Friday . The company traded as low as $179.44 and last traded at $180.11, with a volume of 1087132 shares. The stock had previously closed at $186.90.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EPAM shares. HSBC dropped their target price on shares of EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Piper Sandler lowered their price objective on shares of EPAM Systems from $317.00 to $252.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. Barclays lowered their price objective on shares of EPAM Systems from $265.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, May 13th. Guggenheim assumed coverage on shares of EPAM Systems in a research report on Tuesday, March 19th. They issued a “buy” rating and a $350.00 target price for the company. Finally, Redburn Atlantic assumed coverage on shares of EPAM Systems in a research report on Friday. They issued a “neutral” rating and a $195.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has an average rating of “Hold” and an average price target of $277.65.

EPAM Systems Price Performance

The stock’s fifty day moving average price is $244.84 and its 200-day moving average price is $270.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 4.34 and a beta of 1.46.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.09. EPAM Systems had a net margin of 9.28% and a return on equity of 14.95%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Equities research analysts predict that EPAM Systems, Inc. will post 7.87 EPS for the current fiscal year.

Insider Transactions at EPAM Systems

In other news, SVP Lawrence F. Solomon sold 5,350 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Sergey Yezhkov sold 8,000 shares of the company’s 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 completion of the sale, the senior vice president now owns 12,770 shares of the company’s stock, valued at $3,857,050.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $306.00, for a total value of $1,637,100.00. Following the transaction, the senior vice president now directly owns 12,117 shares of the company’s stock, valued at approximately $3,707,802. The disclosure for this sale can be found here. In the last three months, insiders sold 16,820 shares of company stock valued at $5,101,117. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its holdings in shares of 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 worth $367,000 after buying an additional 40 shares in the last quarter. Equitable Trust Co. lifted its stake in EPAM Systems by 0.8% during the 1st quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock valued at $1,641,000 after acquiring an additional 46 shares in the last quarter. Czech National Bank lifted its stake in EPAM Systems by 0.5% during the 1st quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock valued at $2,804,000 after acquiring an additional 46 shares in the last quarter. Transatlantique Private Wealth LLC increased its position in shares of EPAM Systems by 1.5% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 3,313 shares of the information technology services provider’s stock valued at $841,000 after purchasing an additional 48 shares during the last quarter. Finally, Meridian Management Co. increased its position in shares of EPAM Systems by 0.6% during the 4th quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock valued at $2,372,000 after purchasing an additional 48 shares during the last quarter. 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.