Headlines about EPAM Systems (NYSE:EPAM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. EPAM Systems earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 45.7080488554031 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
Several research analysts recently commented on the stock. UBS downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $105.00 to $110.00 in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, November 17th. Bank of America lifted their target price on shares of EPAM Systems from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Citigroup lifted their target price on shares of EPAM Systems from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price (up previously from $90.00) on shares of EPAM Systems in a report on Friday, November 3rd. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $100.07.
EPAM Systems (NYSE EPAM) traded up $0.58 during midday trading on Wednesday, reaching $97.72. 260,562 shares of the company’s stock traded hands, compared to its average volume of 334,695. 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 firm has a market cap of $5,127.04, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. EPAM Systems has a 52 week low of $61.74 and a 52 week high of $107.91.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. The company had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. sell-side analysts forecast that EPAM Systems will post 2.68 earnings per share for the current year.
In other news, Director Ronald P. Vargo sold 4,000 shares of EPAM Systems stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total transaction of $405,280.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Arkadiy Dobkin sold 56,945 shares of EPAM Systems stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $84.79, for a total transaction of $4,828,366.55. Following the sale, the chief executive officer now owns 2,070,851 shares in the company, valued at $175,587,456.29. The disclosure for this sale can be found here. Insiders sold a total of 357,054 shares of company stock worth $33,544,681 over the last 90 days. Company insiders own 6.17% of the company’s stock.
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About EPAM Systems
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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