EPAM Systems (NYSE:EPAM) had its price target boosted by Citigroup from $142.00 to $153.00 in a report published on Friday morning. They currently have a buy rating on the information technology services provider’s stock.
A number of other research firms have also recently commented on EPAM. SunTrust Banks reissued a buy rating and issued a $138.00 price target on shares of EPAM Systems in a research note on Friday, August 3rd. Cantor Fitzgerald reissued a buy rating and issued a $139.00 price target on shares of EPAM Systems in a research note on Thursday, August 2nd. Zacks Investment Research raised shares of EPAM Systems from a sell rating to a hold rating in a research note on Tuesday, July 31st. Bank of America cut shares of EPAM Systems from a buy rating to a neutral rating and boosted their price target for the stock from $134.00 to $147.00 in a research note on Tuesday, September 4th. Finally, Wolfe Research began coverage on shares of EPAM Systems in a research note on Tuesday, July 17th. They issued an outperform rating for the company. One equities 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 company’s stock. The stock currently has a consensus rating of Buy and an average price target of $138.20.
NYSE EPAM opened at $132.62 on Friday. EPAM Systems has a 12-month low of $89.24 and a 12-month high of $144.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.65 and a current ratio of 5.65. The company has a market capitalization of $7.41 billion, a PE ratio of 46.53, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 2nd. The information technology services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.99 by $0.02. The company had revenue of $445.60 million during the quarter, compared to analysts’ expectations of $447.14 million. EPAM Systems had a net margin of 7.68% and a return on equity of 18.55%. EPAM Systems’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. Research analysts predict that EPAM Systems will post 3.19 earnings per share for the current fiscal year.
In other news, SVP Boris Shnayder sold 3,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $130.86, for a total value of $392,580.00. Following the completion of the sale, the senior vice president now owns 25,508 shares of the company’s stock, valued at approximately $3,337,976.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $2,859,600.00. Following the completion of the sale, the senior vice president now directly owns 29,258 shares of the company’s stock, valued at approximately $4,183,308.84. The disclosure for this sale can be found here. Insiders sold a total of 41,680 shares of company stock valued at $5,876,795 in the last ninety days. 5.30% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its holdings in EPAM Systems by 8.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 16,313 shares of the information technology services provider’s stock valued at $2,028,000 after buying an additional 1,313 shares during the last quarter. Morgan Stanley raised its holdings in EPAM Systems by 2.1% in the 2nd quarter. Morgan Stanley now owns 5,405,251 shares of the information technology services provider’s stock worth $672,035,000 after purchasing an additional 110,874 shares in the last quarter. Strs Ohio raised its holdings in EPAM Systems by 152.0% in the 2nd quarter. Strs Ohio now owns 48,643 shares of the information technology services provider’s stock worth $6,047,000 after purchasing an additional 29,343 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in EPAM Systems in the 2nd quarter worth $507,000. Finally, Glen Harbor Capital Management LLC raised its holdings in EPAM Systems by 2.9% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 49,756 shares of the information technology services provider’s stock worth $6,186,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 90.06% 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.
See Also: Book Value Per Share – BVPS
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