EPAM Systems Inc (NYSE:EPAM) Director Ronald P. Vargo sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total value of $405,280.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of EPAM Systems Inc (NYSE EPAM) traded down $1.93 on Monday, hitting $97.08. The stock had a trading volume of 349,767 shares, compared to its average volume of 335,130. EPAM Systems Inc has a 1 year low of $61.74 and a 1 year high of $107.91. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $5,228.97, a P/E ratio of 39.13, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.
EPAM Systems (NYSE:EPAM) last issued its 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 return on equity of 15.70% and a net margin of 9.41%. The firm had revenue of $377.50 million for the quarter, compared to the consensus estimate of $368.22 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 26.6% compared to the same quarter last year. equities research analysts expect that EPAM Systems Inc will post 2.68 EPS for the current fiscal year.
EPAM has been the topic of several recent analyst reports. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. KeyCorp reissued a “buy” rating on shares of EPAM Systems in a report on Friday, October 20th. Cowen reissued a “buy” rating and issued a $95.00 price objective on shares of EPAM Systems in a report on Friday, September 1st. Bank of America began coverage on EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, Citigroup increased their price objective on EPAM Systems from $96.00 to $105.00 and gave the company a “buy” rating in a report on Friday, October 13th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $98.64.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of EPAM Systems by 2.8% in the second quarter. Vanguard Group Inc. now owns 3,919,515 shares of the information technology services provider’s stock worth $329,591,000 after buying an additional 105,644 shares during the last quarter. JPMorgan Chase & Co. boosted its position in EPAM Systems by 3.9% during the third quarter. JPMorgan Chase & Co. now owns 3,148,004 shares of the information technology services provider’s stock worth $268,840,000 after purchasing an additional 119,230 shares in the last quarter. BlackRock Inc. boosted its position in EPAM Systems by 0.5% during the second quarter. BlackRock Inc. now owns 3,010,949 shares of the information technology services provider’s stock worth $253,188,000 after purchasing an additional 15,882 shares in the last quarter. State Street Corp boosted its position in EPAM Systems by 6.5% during the second quarter. State Street Corp now owns 968,716 shares of the information technology services provider’s stock worth $81,460,000 after purchasing an additional 59,511 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in EPAM Systems by 87.4% during the third quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock worth $81,470,000 after purchasing an additional 432,237 shares in the last quarter. Hedge funds and other institutional investors own 91.08% 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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