EPAM Systems (NYSE:EPAM) Given New $311.00 Price Target at JPMorgan Chase & Co.

EPAM Systems (NYSE:EPAM) had its price target decreased by equities research analysts at JPMorgan Chase & Co. from $331.00 to $311.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 28.35% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Guggenheim began coverage on EPAM Systems in a research report on Tuesday, March 19th. They issued a “buy” rating and a $350.00 price objective on the stock. Piper Sandler lowered their target price on EPAM Systems from $369.00 to $317.00 and set an “overweight” rating for the company in a research note on Thursday. Wolfe Research upgraded EPAM Systems from a “peer perform” rating to an “outperform” rating and set a $355.00 target price for the company in a research note on Thursday, January 4th. Citigroup lowered their target price on EPAM Systems from $325.00 to $275.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Susquehanna raised their target price on EPAM Systems from $300.00 to $360.00 and gave the company a “positive” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, EPAM Systems presently has an average rating of “Moderate Buy” and an average price target of $315.60.

EPAM Systems Trading Up 3.1 %

EPAM traded up $7.33 on Thursday, hitting $242.31. 183,780 shares of the company were exchanged, compared to its average volume of 496,936. The firm has a fifty day simple moving average of $276.95 and a two-hundred day simple moving average of $273.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.79 and a current ratio of 4.79. EPAM Systems has a 12 month low of $197.99 and a 12 month high of $317.50. The stock has a market capitalization of $14.05 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 10.26 and a beta of 1.46.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.24. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. EPAM Systems had a return on equity of 15.53% and a net margin of 8.89%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.71 EPS. Sell-side analysts expect that EPAM Systems will post 7.72 earnings per share for the current year.

Insiders Place Their Bets

In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value 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 approximately $3,857,050.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other EPAM Systems news, SVP Sergey Yezhkov sold 8,000 shares of EPAM Systems stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.04, for a total value 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 approximately $3,857,050.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Lawrence F. Solomon sold 5,350 shares of EPAM Systems stock in a transaction on 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 completion of the sale, 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 quarter, insiders sold 16,820 shares of company stock valued at $5,101,117. Corporate insiders own 4.30% of the company’s stock.

Institutional Trading of EPAM Systems

Large investors have recently modified their holdings of the company. Natixis Advisors L.P. grew its holdings in shares of EPAM Systems by 5.1% in the third quarter. Natixis Advisors L.P. now owns 28,200 shares of the information technology services provider’s stock worth $7,210,000 after acquiring an additional 1,370 shares during the period. Lone Pine Capital LLC grew its holdings in EPAM Systems by 9.2% during the third 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 purchasing an additional 88,641 shares during the period. TD Asset Management Inc grew its holdings in EPAM Systems by 2.5% during the third quarter. TD Asset Management Inc now owns 63,074 shares of the information technology services provider’s stock valued at $16,127,000 after purchasing an additional 1,558 shares during the period. Flossbach Von Storch AG grew its holdings in EPAM Systems by 46.7% during the fourth quarter. Flossbach Von Storch AG now owns 11,000 shares of the information technology services provider’s stock valued at $3,271,000 after purchasing an additional 3,500 shares during the period. Finally, Wellington Management Group LLP bought a new stake in EPAM Systems during the third quarter valued at about $13,402,000. 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.