EPAM Systems, Inc. (EPAM) Upgraded to Hold by BidaskClub
EPAM Systems, Inc. (NYSE:EPAM) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
A number of other equities research analysts also recently commented on EPAM. Credit Suisse Group assumed coverage on shares of EPAM Systems in a research report on Tuesday, July 4th. They issued an “outperform” rating and a $90.00 target price for the company. Barclays PLC boosted their price objective on shares of EPAM Systems from $80.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, May 15th. UBS AG lifted their target price on shares of EPAM Systems from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Wedbush lifted their target price on shares of EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, Cowen and Company restated a “buy” rating and set a $95.00 target price on shares of EPAM Systems in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. EPAM Systems presently has an average rating of “Buy” and an average target price of $91.00.
Shares of EPAM Systems (NYSE EPAM) traded up 0.17% during mid-day trading on Friday, reaching $84.98. The company’s stock had a trading volume of 201,914 shares. The company has a market cap of $4.46 billion, a P/E ratio of 41.03 and a beta of 0.99. EPAM Systems has a 12 month low of $54.53 and a 12 month high of $87.93. The company has a 50-day moving average of $82.71 and a 200-day moving average of $79.85.
EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a net margin of 8.71% and a return on equity of 15.12%. The firm had revenue of $348.98 million during the quarter, compared to analyst estimates of $342 million. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis. Equities research analysts forecast that EPAM Systems will post $3.30 earnings per share for the current fiscal year.
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In other EPAM Systems news, CEO Arkadiy Dobkin sold 30,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $82.15, for a total value of $2,464,500.00. Following the completion of the transaction, the chief executive officer now owns 2,075,851 shares of the company’s stock, valued at $170,531,159.65. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 115,100 shares of company stock valued at $9,297,549. Corporate insiders own 6.17% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its stake in shares of EPAM Systems by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock worth $549,000 after acquiring an additional 17 shares during the period. Renaissance Group LLC increased its stake in shares of EPAM Systems by 0.6% in the second quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock worth $321,000 after acquiring an additional 21 shares during the period. D.A. Davidson & CO. increased its stake in shares of EPAM Systems by 0.9% in the second quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock worth $366,000 after acquiring an additional 39 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of EPAM Systems by 1.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock worth $557,000 after acquiring an additional 70 shares during the period. Finally, CS Mckee LP increased its stake in shares of EPAM Systems by 0.6% in the second quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock worth $1,501,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 87.90% of the company’s stock.
About EPAM Systems
EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.
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