EPAM Systems Inc Hits New 52-Week High at $35.00 (EPAM)
EPAM Systems (NASDAQ:EPAM) set a new 52-week high during mid-day trading on Thursday, AnalystRatingsNetwork reports. The stock traded as high as $35.00 and last traded at $34.86, with a volume of 273,641 shares. The stock had previously closed at $34.48.
EPAM has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of EPAM Systems (NASDAQ:EPAM) from $29.50 to $38.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company raised their price target on shares of EPAM Systems (NASDAQ:EPAM) from $33.00 to $36.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of EPAM Systems (NASDAQ:EPAM) from $28.00 to $33.00 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. EPAM Systems presently has an average rating of “Buy” and an average price target of $30.93.
In other EPAM Systems news, Director Donald Spencer sold 1,125,000 shares of the stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $33.00, for a total transaction of $37,125,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
EPAM Systems has a 52-week low of $17.32 and a 52-week high of $34.74. The stock’s 50-day moving average is $31.45 and its 200-day moving average is $26.21. The company has a market cap of $1.605 billion and a price-to-earnings ratio of 29.29.
EPAM Systems (NASDAQ:EPAM) last released its earnings data on Thursday, August 8th. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.40. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter last year, the company posted $0.37 earnings per share. EPAM Systems’s revenue was up 28.3% compared to the same quarter last year. Analysts expect that EPAM Systems will post $1.57 EPS for the current fiscal year.
EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.
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