News articles about EPAM Systems (NYSE:EPAM) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. EPAM Systems earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 46.6100019511471 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
EPAM opened at $120.66 on Friday. EPAM Systems has a 1-year low of $77.96 and a 1-year high of $131.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.39 and a quick ratio of 5.39. The company has a market capitalization of $6.41 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The company had revenue of $424.15 million during the quarter, compared to analysts’ expectations of $414.15 million. EPAM Systems had a return on equity of 17.45% and a net margin of 7.33%. EPAM Systems’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. sell-side analysts predict that EPAM Systems will post 3.27 EPS for the current year.
Several equities analysts have commented on EPAM shares. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, April 23rd. ValuEngine upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $130.00 price target (up previously from $118.00) on shares of EPAM Systems in a report on Friday, March 16th. Cantor Fitzgerald reissued a “buy” rating and issued a $139.00 price objective on shares of EPAM Systems in a research report on Wednesday, May 9th. Finally, SunTrust Banks assumed coverage on EPAM Systems in a research report on Thursday, April 19th. They issued a “buy” rating and a $130.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. EPAM Systems currently has an average rating of “Buy” and an average price target of $125.25.
In related news, SVP Elaina Shekhter sold 6,700 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $123.98, for a total value of $830,666.00. Following the completion of the transaction, the senior vice president now directly owns 18,186 shares of the company’s stock, valued at $2,254,700.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jason Harman sold 11,932 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $123.81, for a total value of $1,477,300.92. Following the completion of the transaction, the senior vice president now directly owns 14,578 shares of the company’s stock, valued at $1,804,902.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,752 shares of company stock valued at $2,964,021. 5.30% of the stock is owned by company insiders.
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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