EPAM Systems (NYSE:EPAM) – Analysts at Wedbush increased their Q1 2018 earnings per share estimates for shares of EPAM Systems in a report released on Tuesday, April 10th. Wedbush analyst M. Katri now anticipates that the information technology services provider will earn $0.70 per share for the quarter, up from their previous estimate of $0.69. Wedbush also issued estimates for EPAM Systems’ Q2 2018 earnings at $0.79 EPS, Q3 2018 earnings at $0.90 EPS, FY2018 earnings at $3.34 EPS, Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $0.95 EPS, Q3 2019 earnings at $1.12 EPS and FY2019 earnings at $4.13 EPS.
Several other equities research analysts have also issued reports on EPAM. Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Needham & Company LLC reissued a “buy” rating and set a $135.00 price target (up from $130.00) on shares of EPAM Systems in a research report on Monday, March 19th. ValuEngine raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. JPMorgan Chase reissued an “overweight” rating and set a $130.00 price target (up from $118.00) on shares of EPAM Systems in a research report on Friday, March 16th. Finally, Cantor Fitzgerald increased their target price on EPAM Systems to $130.00 and gave the stock an “overweight” rating in a research report on Monday, February 19th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. EPAM Systems presently has an average rating of “Buy” and an average target price of $115.18.
Shares of EPAM opened at $112.64 on Thursday. EPAM Systems has a 52-week low of $73.86 and a 52-week high of $125.88. The company has a market capitalization of $5,920.31, a price-to-earnings ratio of 40.30, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92. The company has a current ratio of 5.31, a quick ratio of 5.31 and a debt-to-equity ratio of 0.03.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Friday, February 16th. The information technology services provider reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.01. The firm had revenue of $399.30 million during the quarter, compared to analysts’ expectations of $395.78 million. EPAM Systems had a return on equity of 16.52% and a net margin of 5.02%. EPAM Systems’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of EPAM Systems by 8.3% in the fourth quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock worth $359,349,000 after purchasing an additional 256,217 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of EPAM Systems by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 407,598 shares of the information technology services provider’s stock worth $43,788,000 after purchasing an additional 25,157 shares in the last quarter. Martin Currie Ltd. grew its stake in shares of EPAM Systems by 7.4% in the fourth quarter. Martin Currie Ltd. now owns 405,816 shares of the information technology services provider’s stock worth $43,597,000 after purchasing an additional 27,899 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its stake in shares of EPAM Systems by 0.8% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 378,825 shares of the information technology services provider’s stock worth $40,697,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Barings LLC bought a new position in shares of EPAM Systems in the fourth quarter worth $39,278,000. 91.51% of the stock is owned by institutional investors.
In other news, Director Richard Michael Mayoras sold 2,500 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $114.72, for a total value of $286,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.17% of the company’s stock.
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EPAM Systems Company Profile
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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