Zacks Investment Research lowered shares of EPAM Systems Inc (NASDAQ:EPAM) from a hold rating to a sell rating in a report issued on Wednesday, Analyst Ratings Net reports.

According to Zacks, “EPAM Systems, Inc. is an IT services provider engaged in providing software product development services, software engineering and custom development solutions. Its software product development services include product research, design and prototyping, product development, component design and integration. Its custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration. The Company also provides application testing services consisting of software application testing, testing for enterprise IT, and consulting services. It serves banking, financial services, business information, media, travel and hospitality, retail, energy, telecommunications, automotive, manufacturing, life sciences industries and the government. EPAM Systems, Inc. is headquartered in Newtown, Pennsylvania. “

In other news, CFO Anthony J. Conte sold 2,500 shares of EPAM Systems stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $77.95, for a total value of $194,875.00. Following the transaction, the chief financial officer now directly owns 8,000 shares in the company, valued at $623,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Balazs Fejes sold 10,000 shares of EPAM Systems stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $78.77, for a total value of $787,700.00. Following the completion of the transaction, the senior vice president now owns 8,000 shares in the company, valued at $630,160. The disclosure for this sale can be found here.

An institutional investor recently bought a new position in EPAM Systems stock. Rathbone Brothers acquired a new position in EPAM Systems Inc (NASDAQ:EPAM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 167,000 shares of the company’s stock, valued at approximately $12,154,000. Rathbone Brothers owned about 0.33% of EPAM Systems at the end of the most recent quarter.

Shares of EPAM Systems (NASDAQ:EPAM) traded up 0.51% on Wednesday, reaching $72.49. The company had a trading volume of 483,868 shares. The company has a 50-day moving average price of $76.54 and a 200-day moving average price of $74.74. EPAM Systems has a 52-week low of $45.74 and a 52-week high of $84.41. The firm has a market capitalization of $3.62 billion and a PE ratio of 49.31.

EPAM Systems (NASDAQ:EPAM) last issued its earnings results on Wednesday, November 4th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business earned $236 million during the quarter, compared to analyst estimates of $240.53 million. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period last year, the business earned $0.60 EPS. Equities research analysts forecast that EPAM Systems will post $2.69 EPS for the current fiscal year.

EPAM has been the subject of several other research reports. Sterne Agee CRT started coverage on EPAM Systems in a research report on Thursday, December 17th. They issued a buy rating and a $100.00 target price for the company. Jefferies Group reaffirmed a buy rating and issued a $84.00 target price on shares of EPAM Systems in a research report on Friday, September 25th. Barclays raised their target price on EPAM Systems from $75.00 to $77.00 and gave the stock an equal weight rating in a research report on Friday, November 6th. Needham & Company LLC lifted their price objective on EPAM Systems from $80.00 to $82.00 and gave the company a buy rating in a research report on Thursday, November 19th. Finally, Renaissance Capital raised EPAM Systems from a hold rating to a buy rating and lifted their price objective for the company from $86.80 to $90.00 in a research report on Thursday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. EPAM Systems has an average rating of Buy and a consensus price target of $83.50.

EPAM Systems, Inc. (NASDAQ:EPAM) is a provider of software engineering solutions and information technology (IT) services. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Company’s Enterprise Application Platforms develops technology and business application platforms, and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Company’s Infrastructure Management Services covers the lifecycle of infrastructure management.

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