Shares of EPAM Systems Inc (NYSE:EPAM) have earned an average rating of “Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $161.56.
EPAM has been the subject of several research analyst reports. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. Wedbush reiterated an “outperform” rating on shares of Purple Innovation in a research report on Wednesday, May 8th.
In other news, CFO Jason D. Peterson sold 1,000 shares of EPAM Systems stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $170.25, for a total value of $170,250.00. Following the completion of the sale, the chief financial officer now directly owns 13,039 shares of the company’s stock, valued at approximately $2,219,889.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 15,592 shares of EPAM Systems stock in a transaction on Monday, June 24th. The shares were sold at an average price of $172.27, for a total value of $2,686,033.84. Following the completion of the sale, the chief executive officer now directly owns 1,443,490 shares of the company’s stock, valued at $248,670,022.30. The disclosure for this sale can be found here. Insiders sold a total of 362,189 shares of company stock valued at $63,001,372 over the last three months. Insiders own 5.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Redmond Asset Management LLC increased its stake in shares of EPAM Systems by 1.4% in the 1st quarter. Redmond Asset Management LLC now owns 6,328 shares of the information technology services provider’s stock valued at $1,070,000 after buying an additional 85 shares during the period. Sheets Smith Wealth Management increased its stake in shares of EPAM Systems by 2.4% in the 1st quarter. Sheets Smith Wealth Management now owns 4,349 shares of the information technology services provider’s stock valued at $736,000 after buying an additional 101 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of EPAM Systems by 0.3% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,178 shares of the information technology services provider’s stock valued at $5,442,000 after buying an additional 111 shares during the period. US Bancorp DE increased its stake in shares of EPAM Systems by 4.8% in the 1st quarter. US Bancorp DE now owns 2,560 shares of the information technology services provider’s stock valued at $433,000 after buying an additional 117 shares during the period. Finally, Montag & Caldwell LLC grew its stake in shares of EPAM Systems by 4.1% during the first quarter. Montag & Caldwell LLC now owns 3,680 shares of the information technology services provider’s stock worth $622,000 after purchasing an additional 144 shares during the period. 90.80% of the stock is owned by institutional investors.
EPAM traded up $2.58 during trading on Tuesday, hitting $193.63. The company’s stock had a trading volume of 412,577 shares, compared to its average volume of 424,760. The company’s 50 day moving average price is $174.79. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.11. EPAM Systems has a 12 month low of $104.77 and a 12 month high of $193.80. The company has a market capitalization of $10.58 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.41.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.33. EPAM Systems had a return on equity of 19.56% and a net margin of 12.19%. The firm had revenue of $521.30 million during the quarter, compared to the consensus estimate of $519.11 million. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. As a group, analysts predict that EPAM Systems will post 4.24 earnings per share for the current year.
EPAM Systems Company Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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