EPAM Systems Inc (NYSE:EPAM) – Stock analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of EPAM Systems in a report issued on Tuesday. William Blair analyst M. Nolan anticipates that the information technology services provider will post earnings per share of $0.74 for the quarter. William Blair also issued estimates for EPAM Systems’ Q2 2018 earnings at $0.80 EPS, Q3 2018 earnings at $0.90 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $3.33 EPS.
Several other research analysts have also weighed in on the company. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research report on Wednesday, November 1st. Cowen set a $115.00 price objective on EPAM Systems and gave the stock a “buy” rating in a research report on Monday, December 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 price objective on shares of EPAM Systems in a research report on Thursday, November 2nd. UBS Group lowered 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 report on Wednesday, November 29th. Finally, Pivotal Research assumed coverage on EPAM Systems in a research note on Tuesday, December 5th. They set a “buy” rating and a $120.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $113.94.
EPAM Systems (NYSE:EPAM) opened at $115.20 on Friday. The firm has a market capitalization of $5,989.27, a P/E ratio of 87.52, a P/E/G ratio of 1.81 and a beta of 0.93. EPAM Systems has a 52-week low of $71.58 and a 52-week high of $119.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Friday, February 16th. The information technology services provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $399.30 million during the quarter, compared to analyst estimates of $395.78 million. EPAM Systems had a return on equity of 16.80% and a net margin of 5.02%. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 earnings per share.
Large investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership lifted its stake in EPAM Systems by 54.9% during the third quarter. Artisan Partners Limited Partnership now owns 216,086 shares of the information technology services provider’s stock worth $19,000,000 after purchasing an additional 76,625 shares in the last quarter. Sloane Robinson LLP acquired a new stake in shares of EPAM Systems in the third quarter valued at $5,610,000. Bamco Inc. NY raised its stake in shares of EPAM Systems by 28.0% in the third 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 in the last quarter. Taylor Frigon Capital Management LLC acquired a new stake in shares of EPAM Systems in the fourth quarter valued at $2,824,000. Finally, New York State Common Retirement Fund raised its stake in shares of EPAM Systems by 2.9% in the third quarter. New York State Common Retirement Fund now owns 54,000 shares of the information technology services provider’s stock valued at $4,748,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 90.23% 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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