Wall Street analysts forecast that EPAM Systems Inc (NYSE:EPAM) will post sales of $395.58 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for EPAM Systems’ earnings. The highest sales estimate is $398.20 million and the lowest is $393.80 million. EPAM Systems reported sales of $313.53 million in the same quarter last year, which indicates a positive year over year growth rate of 26.2%. The business is expected to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that EPAM Systems will report full year sales of $395.58 million for the current financial year. For the next year, analysts forecast that the business will report sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.78 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover EPAM Systems.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.85 by $0.07. The business had revenue of $377.50 million during 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 period last year, the firm earned $0.76 EPS.

EPAM has been the subject of several recent analyst reports. BidaskClub raised EPAM Systems from a “sell” rating to a “hold” rating in a report on Friday, September 8th. Bank of America initiated coverage on EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. KeyCorp raised their price target on EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, September 13th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Tuesday, October 3rd. Finally, Cowen reissued a “buy” rating and issued a $95.00 price target on shares of EPAM Systems in a report on Thursday, October 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. EPAM Systems presently has an average rating of “Buy” and an average target price of $101.40.

Shares of EPAM Systems (NYSE:EPAM) opened at $109.77 on Thursday. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $5,724.88, a P/E ratio of 46.71, a PEG ratio of 1.67 and a beta of 0.98. EPAM Systems has a 1-year low of $63.32 and a 1-year high of $110.76.

In other EPAM Systems news, SVP Elaina Shekhter sold 1,261 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $95.00, for a total transaction of $119,795.00. Following the completion of the transaction, the senior vice president now owns 10,458 shares of the company’s stock, valued at $993,510. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arkadiy Dobkin sold 15,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $90.92, for a total value of $1,363,800.00. Following the transaction, the chief executive officer now directly owns 2,025,851 shares of the company’s stock, valued at approximately $184,190,372.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 249,154 shares of company stock valued at $24,377,785. 6.17% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Artisan Partners Limited Partnership increased its position in EPAM Systems by 54.9% during the third quarter. Artisan Partners Limited Partnership now owns 216,086 shares of the information technology services provider’s stock worth $19,000,000 after buying an additional 76,625 shares in the last quarter. Bank of Nova Scotia purchased a new position in EPAM Systems during the second quarter worth $2,565,000. Sloane Robinson LLP purchased a new position in EPAM Systems during the third quarter worth $5,610,000. UBS Asset Management Americas Inc. increased its position in EPAM Systems by 9.8% during the second quarter. UBS Asset Management Americas Inc. now owns 24,692 shares of the information technology services provider’s stock worth $2,076,000 after buying an additional 2,197 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in EPAM Systems during the second quarter worth $27,404,000. 89.15% of the stock is owned by institutional investors.

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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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