EPAM Systems Inc (NYSE:EPAM) – Equities research analysts at Wedbush raised their Q2 2018 earnings estimates for shares of EPAM Systems in a report issued on Tuesday. Wedbush analyst M. Katri now anticipates that the information technology services provider will post earnings per share of $0.75 for the quarter, up from their prior estimate of $0.74.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.07. The firm had revenue of $377.50 million for the quarter, compared to analysts’ expectations of $368.22 million. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 EPS.

Several other analysts have also issued reports on EPAM. Cowen set a $115.00 target price on EPAM Systems and gave the stock a “buy” rating in a report on Monday. Pivotal Research began coverage on EPAM Systems in a report on Tuesday, December 5th. They set a “buy” rating and a $120.00 target price on the stock. BidaskClub raised EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Jefferies Group set a $95.00 target price on EPAM Systems and gave the stock a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $101.40.

EPAM Systems (EPAM) traded up $0.07 on Wednesday, hitting $104.57. The stock had a trading volume of 550,000 shares, compared to its average volume of 336,729. The firm has a market cap of $5,518.92, a price-to-earnings ratio of 41.30, a P/E/G ratio of 2.01 and a beta of 1.00. EPAM Systems has a 12 month low of $61.74 and a 12 month high of $107.91. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.03.

A number of hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC bought a new stake in shares of EPAM Systems in the second quarter valued at $101,000. Jacobi Capital Management LLC bought a new position in EPAM Systems in the 2nd quarter worth about $119,000. PNC Financial Services Group Inc. increased its stake in EPAM Systems by 34.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EPAM Systems by 11.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 166 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of EPAM Systems by 1,762.5% in the 2nd quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 1,974 shares in the last quarter. 91.08% of the stock is currently owned by institutional investors and hedge funds.

In other EPAM Systems news, Director Ronald P. Vargo sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total value of $405,280.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arkadiy Dobkin sold 10,000 shares of EPAM Systems stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $84.02, for a total value of $840,200.00. Following the transaction, the chief executive officer now directly owns 2,075,851 shares in the company, valued at approximately $174,413,001.02. The disclosure for this sale can be found here. Insiders have sold 279,654 shares of company stock worth $26,966,185 over the last three months. Insiders own 6.17% of the company’s stock.

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EPAM Systems Company Profile

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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