EPAM Systems Inc (NYSE:EPAM) – Equities research analysts at Wedbush raised their FY2017 earnings per share (EPS) estimates for EPAM Systems in a report issued on Tuesday. Wedbush analyst M. Katri now forecasts that the information technology services provider will post earnings per share of $2.67 for the year, up from their previous forecast of $2.65.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The business had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. During the same period last year, the firm earned $0.76 earnings per share. EPAM Systems’s revenue for the quarter was up 26.6% compared to the same quarter last year.
EPAM has been the topic of a number of other reports. Zacks Investment Research lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. KeyCorp reaffirmed a “buy” rating on shares of EPAM Systems in a research report on Friday, October 20th. Pivotal Research assumed coverage on shares of EPAM Systems in a report on Tuesday, December 5th. They issued a “buy” rating and a $120.00 target price on the stock. Citigroup raised their target price on shares of EPAM Systems from $96.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 13th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $92.00 target price on shares of EPAM Systems in a report on Thursday, November 2nd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. EPAM Systems presently has an average rating of “Buy” and a consensus price target of $102.87.
EPAM Systems (NYSE EPAM) opened at $110.40 on Thursday. EPAM Systems has a 1 year low of $63.32 and a 1 year high of $111.95. The company has a market cap of $5,760.00, a PE ratio of 46.78, a P/E/G ratio of 1.69 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56.
In other news, CEO Arkadiy Dobkin sold 19,600 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $103.21, for a total value of $2,022,916.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Elaina Shekhter sold 1,261 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $95.00, for a total transaction of $119,795.00. Following the completion of the sale, the senior vice president now owns 10,458 shares in the company, valued at $993,510. The disclosure for this sale can be found here. Over the last three months, insiders sold 229,154 shares of company stock worth $22,580,185. Insiders own 6.17% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of EPAM Systems by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,919,515 shares of the information technology services provider’s stock valued at $329,591,000 after purchasing an additional 105,644 shares in the last quarter. JPMorgan Chase & Co. boosted its position in EPAM Systems by 3.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock worth $268,840,000 after buying an additional 119,230 shares during the period. BlackRock Inc. boosted its position in EPAM Systems by 0.5% during the 2nd quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock worth $253,188,000 after buying an additional 15,882 shares during the period. State Street Corp boosted its position in EPAM Systems by 6.5% during the 2nd quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock worth $81,460,000 after buying an additional 59,511 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in EPAM Systems by 87.4% during the 3rd quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock worth $81,470,000 after buying an additional 432,237 shares during the period. Institutional investors own 89.15% of the company’s stock.
EPAM Systems Company Profile
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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