FY2017 EPS Estimates for EPAM Systems Inc (EPAM) Lowered by Analyst

EPAM Systems Inc (NYSE:EPAM) – Stock analysts at KeyCorp lowered their FY2017 earnings estimates for shares of EPAM Systems in a report issued on Monday. KeyCorp analyst A. Ramnani now anticipates that the information technology services provider will post earnings of $2.68 per share for the year, down from their previous forecast of $2.74. KeyCorp currently has a “Buy” rating and a $100.00 target price on the stock. KeyCorp also issued estimates for EPAM Systems’ Q4 2017 earnings at $0.81 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.89 EPS, Q4 2018 earnings at $1.08 EPS and FY2018 earnings at $3.58 EPS.

EPAM has been the subject of a number of other research reports. Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Pivotal Research started coverage on EPAM Systems in a report on Tuesday, December 5th. They set a “buy” rating and a $120.00 price objective for the company. Bank of America boosted their price objective on EPAM Systems from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, November 6th. Citigroup boosted their price objective on EPAM Systems from $105.00 to $110.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Cantor Fitzgerald restated a “buy” rating and set a $92.00 price objective 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 company. The stock currently has a consensus rating of “Buy” and an average price target of $102.87.

EPAM Systems (NYSE EPAM) opened at $110.87 on Thursday. EPAM Systems has a 1-year low of $63.32 and a 1-year high of $111.95. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $5,830.51, a price-to-earnings ratio of 47.18, a P/E/G ratio of 1.71 and a beta of 0.98.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The company had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. During the same quarter in the previous year, the business earned $0.76 EPS. EPAM Systems’s revenue was up 26.6% compared to the same quarter last year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its position in shares of EPAM Systems by 6.8% in the 3rd quarter. California Public Employees Retirement System now owns 103,657 shares of the information technology services provider’s stock worth $9,115,000 after acquiring an additional 6,557 shares in the last quarter. Bamco Inc. NY raised its position in shares of EPAM Systems by 28.0% in the 3rd quarter. Bamco Inc. NY now owns 53,836 shares of the information technology services provider’s stock worth $4,734,000 after acquiring an additional 11,763 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its position in shares of EPAM Systems by 3.8% in the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 375,925 shares of the information technology services provider’s stock worth $33,055,000 after acquiring an additional 13,800 shares in the last quarter. HCR Wealth Advisors bought a new position in shares of EPAM Systems in the 3rd quarter worth $440,000. Finally, OxFORD Asset Management LLP raised its position in shares of EPAM Systems by 226.1% in the 3rd quarter. OxFORD Asset Management LLP now owns 13,791 shares of the information technology services provider’s stock worth $1,178,000 after acquiring an additional 9,562 shares in the last quarter. 89.15% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Elaina Shekhter sold 1,261 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $95.00, for a total value of $119,795.00. Following the completion of the transaction, the senior vice president now directly owns 10,458 shares of the company’s stock, valued at approximately $993,510. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Arkadiy Dobkin sold 15,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $90.92, for a total value of $1,363,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,025,851 shares of the company’s stock, valued at $184,190,372.92. The disclosure for this sale can be found here. Insiders sold a total of 229,154 shares of company stock valued at $22,580,185 over the last quarter. Company insiders own 6.17% of the company’s stock.

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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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