EPAM Systems (NYSE:EPAM) Sets New 52-Week Low at $172.56

EPAM Systems, Inc. (NYSE:EPAM) hit a new 52-week low during trading on Tuesday . The company traded as low as $172.56 and last traded at $173.40, with a volume of 28172 shares trading hands. The stock had previously closed at $174.36.

Analyst Ratings Changes

Several research analysts recently issued reports on EPAM shares. TD Cowen dropped their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating for the company in a research report on Friday, May 10th. Redburn Atlantic started coverage on EPAM Systems in a research report on Friday, May 24th. They issued a “neutral” rating and a $195.00 price objective for the company. HSBC lowered their price target on EPAM Systems from $350.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of EPAM Systems from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $236.00 to $225.00 in a research note on Friday, April 26th. Finally, Scotiabank lowered EPAM Systems from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $300.00 to $245.00 in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, EPAM Systems has a consensus rating of “Moderate Buy” and an average target price of $276.35.

EPAM Systems Stock Performance

The company has a market cap of $9.87 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 4.03 and a beta of 1.42. The company’s fifty day moving average is $206.91 and its 200 day moving average is $261.09. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01.

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 for the quarter, topping 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%. As a group, equities analysts predict that EPAM Systems, Inc. will post 7.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EPAM Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPAM. PNC Financial Services Group Inc. lifted its holdings in shares of EPAM Systems by 9.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 20,047 shares of the information technology services provider’s stock valued at $5,126,000 after acquiring an additional 1,660 shares during the last quarter. Korea Investment CORP increased its stake in shares of EPAM Systems by 22.3% during the third quarter. Korea Investment CORP now owns 19,416 shares of the information technology services provider’s stock valued at $4,964,000 after buying an additional 3,540 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of EPAM Systems in the 3rd quarter valued at about $1,124,000. Envestnet Asset Management Inc. lifted its holdings in EPAM Systems by 95.8% during the third quarter. Envestnet Asset Management Inc. now owns 166,346 shares of the information technology services provider’s stock worth $42,533,000 after buying an additional 81,386 shares during the period. Finally, CI Investments Inc. grew its stake in EPAM Systems by 123.4% in the third quarter. CI Investments Inc. now owns 1,463 shares of the information technology services provider’s stock valued at $374,000 after purchasing an additional 808 shares during the last quarter. Institutional investors 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.