EPAM Systems (NYSE:EPAM) had its target price trimmed by KeyCorp from $146.00 to $144.00 in a research report released on Friday. The brokerage currently has an overweight rating on the information technology services provider’s stock.
EPAM has been the topic of a number of other research reports. Zacks Investment Research raised EPAM Systems from a sell rating to a hold rating in a report on Tuesday, July 31st. Wolfe Research initiated coverage on EPAM Systems in a research report on Tuesday, July 17th. They set an outperform rating on the stock. SunTrust Banks reiterated a buy rating and set a $138.00 target price on shares of EPAM Systems in a research report on Friday, August 3rd. Bank of America downgraded EPAM Systems from a buy rating to a neutral rating and boosted their target price for the stock from $134.00 to $147.00 in a research report on Tuesday, September 4th. Finally, Wedbush boosted their target price on EPAM Systems from $135.00 to $150.00 and gave the stock an outperform rating in a research report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $140.13.
EPAM stock traded down $1.30 on Friday, reaching $126.30. 464,555 shares of the company’s stock were exchanged, compared to its average volume of 375,825. EPAM Systems has a twelve month low of $96.11 and a twelve month high of $144.19. The firm has a market capitalization of $6.79 billion, a PE ratio of 44.32, a P/E/G ratio of 2.02 and a beta of 1.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.65 and a quick ratio of 5.65.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.33. EPAM Systems had a return on equity of 19.87% and a net margin of 8.60%. The firm had revenue of $468.20 million for the quarter, compared to analyst estimates of $466.97 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. EPAM Systems’s quarterly revenue was up 24.0% on a year-over-year basis. Equities research analysts expect that EPAM Systems will post 3.19 earnings per share for the current fiscal year.
In related news, SVP Boris Shnayder sold 3,000 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $130.86, for a total value of $392,580.00. Following the completion of the transaction, the senior vice president now directly owns 25,508 shares in the company, valued at $3,337,976.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Viktar Dvorkin sold 20,000 shares of the company’s stock in a transaction on Friday, August 31st. The shares were sold at an average price of $142.98, for a total value of $2,859,600.00. Following the completion of the transaction, the senior vice president now owns 29,258 shares of the company’s stock, valued at $4,183,308.84. The disclosure for this sale can be found here. Insiders sold 41,680 shares of company stock valued at $5,876,795 over the last quarter. Insiders own 5.30% of the company’s stock.
A number of large investors have recently made changes to their positions in EPAM. TRUE Private Wealth Advisors acquired a new stake in EPAM Systems during the third quarter worth about $166,000. North Star Asset Management Inc. acquired a new stake in EPAM Systems during the third quarter worth about $207,000. Capital One National Association acquired a new stake in EPAM Systems during the second quarter worth about $208,000. Oakbrook Investments LLC acquired a new stake in EPAM Systems during the third quarter worth about $213,000. Finally, World Asset Management Inc acquired a new stake in EPAM Systems during the second quarter worth about $221,000. Institutional investors own 90.04% of the company’s stock.
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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