EPAM Systems Inc (NYSE:EPAM) – Investment analysts at Wedbush dropped their FY2017 earnings per share (EPS) estimates for EPAM Systems in a research report issued to clients and investors on Tuesday. Wedbush analyst M. Katri now anticipates that the information technology services provider will post earnings per share of $2.65 for the year, down from their prior estimate of $2.66. Wedbush also issued estimates for EPAM Systems’ Q1 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.84 EPS, Q4 2018 earnings at $0.93 EPS, FY2018 earnings at $3.20 EPS, Q1 2019 earnings at $0.81 EPS, Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $0.96 EPS and FY2019 earnings at $3.69 EPS.

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

Several other research analysts have also weighed in on EPAM. Jefferies Group set a $95.00 price objective on shares of EPAM Systems and gave the stock a “buy” rating in a research note on Thursday, August 17th. BidaskClub lowered shares of EPAM Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. Cowen restated a “buy” rating and set a $95.00 price objective on shares of EPAM Systems in a research note on Friday, September 1st. Bank of America initiated coverage on shares of EPAM Systems in a research note on Tuesday, September 12th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, KeyCorp boosted their price objective on shares of EPAM Systems from $90.00 to $94.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 13th. 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 currently has an average rating of “Buy” and an average target price of $101.40.

Shares of EPAM Systems (NYSE:EPAM) opened at $106.07 on Thursday. The stock has a market cap of $5,522.61, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. EPAM Systems has a 52 week low of $61.74 and a 52 week high of $107.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56.

In related news, CEO Arkadiy Dobkin sold 5,000 shares of EPAM Systems stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $82.66, for a total transaction of $413,300.00. Following the completion of the sale, the chief executive officer now owns 2,080,851 shares of the company’s stock, valued at approximately $172,003,143.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 279,654 shares of company stock valued at $26,966,185 in the last ninety days. 6.17% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wisconsin Investment Board boosted its holdings in EPAM Systems by 28.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 70,490 shares of the information technology services provider’s stock valued at $5,927,000 after purchasing an additional 15,490 shares during the period. Brighton Jones LLC bought a new stake in EPAM Systems in the 2nd quarter valued at about $484,000. Bank of Nova Scotia bought a new stake in EPAM Systems in the 2nd quarter valued at about $2,565,000. Sloane Robinson LLP bought a new stake in EPAM Systems in the 3rd quarter valued at about $5,610,000. Finally, Hosking Partners LLP boosted its holdings in EPAM Systems by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 257,269 shares of the information technology services provider’s stock valued at $21,634,000 after purchasing an additional 4,117 shares during the period. 91.08% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for EPAM Systems (NYSE:EPAM)

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