EPAM Systems Inc (NYSE:EPAM) – Equities researchers at Wedbush lifted their Q4 2017 earnings per share (EPS) estimates for shares of EPAM Systems in a report issued on Tuesday. Wedbush analyst M. Katri now expects that the information technology services provider will earn $0.81 per share for the quarter, up from their prior forecast of $0.79.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, beating the 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 business had revenue of $377.50 million during the quarter, compared to the consensus estimate of $368.22 million. During the same period in the prior year, the business posted $0.76 earnings per share. EPAM Systems’s revenue was up 26.6% compared to the same quarter last year.
EPAM has been the subject of several other reports. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research note on Wednesday. UBS Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $105.00 to $110.00 in a research note on Wednesday, November 29th. BidaskClub downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective (up from $90.00) on shares of EPAM Systems in a research note on Friday, November 3rd. Finally, Cowen reissued a “buy” rating and issued a $95.00 price objective on shares of EPAM Systems in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $102.87.
Shares of EPAM Systems (EPAM) opened at $110.40 on Wednesday. EPAM Systems has a fifty-two week low of $63.32 and a fifty-two week high of $111.95. The company has a market capitalization of $5,800.00, a price-to-earnings ratio of 46.78, a PEG ratio of 1.69 and a beta of 0.98. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.03.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 15,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $90.81, for a total value of $1,362,150.00. Following the transaction, the chief executive officer now directly owns 1,995,851 shares of the company’s stock, valued at approximately $181,243,229.31. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald P. Vargo sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total value of $405,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 229,154 shares of company stock worth $22,580,185. Insiders own 6.17% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of EPAM Systems by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 103,657 shares of the information technology services provider’s stock valued at $9,115,000 after acquiring an additional 6,557 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of EPAM Systems by 28.0% during the 3rd quarter. Bamco Inc. NY now owns 53,836 shares of the information technology services provider’s stock valued at $4,734,000 after acquiring an additional 11,763 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in shares of EPAM Systems by 3.8% during the 3rd quarter. Grandeur Peak Global Advisors LLC now owns 375,925 shares of the information technology services provider’s stock valued at $33,055,000 after acquiring an additional 13,800 shares during the last quarter. HCR Wealth Advisors acquired a new position in shares of EPAM Systems during the 3rd quarter valued at about $440,000. Finally, OxFORD Asset Management LLP increased its holdings in shares of EPAM Systems by 226.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 13,791 shares of the information technology services provider’s stock valued at $1,178,000 after acquiring an additional 9,562 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.
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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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