EPAM Systems (EPAM) – Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of EPAM Systems (NYSE: EPAM) recently:

  • 8/6/2017 – EPAM Systems was given a new $95.00 price target on by analysts at Berenberg Bank. They now have a “buy” rating on the stock.
  • 8/4/2017 – EPAM Systems had its price target raised by analysts at UBS AG from $89.00 to $96.00. They now have a “buy” rating on the stock.
  • 8/4/2017 – EPAM Systems had its price target lowered by analysts at Barclays PLC from $92.00 to $91.00. They now have an “overweight” rating on the stock.
  • 7/31/2017 – EPAM Systems was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/4/2017 – EPAM Systems is now covered by analysts at Credit Suisse Group. They set an “outperform” rating and a $90.00 price target on the stock.

Shares of EPAM Systems, Inc. (NYSE EPAM) opened at 81.81 on Thursday. The company has a 50 day moving average price of $84.28 and a 200-day moving average price of $77.70. EPAM Systems, Inc. has a 12 month low of $54.53 and a 12 month high of $87.93. The stock has a market cap of $4.24 billion, a P/E ratio of 43.98 and a beta of 0.99.

EPAM Systems (NYSE:EPAM) last released its earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $348.98 million for the quarter, compared to analysts’ expectations of $342 million. EPAM Systems had a net margin of 8.71% and a return on equity of 15.74%. EPAM Systems’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. On average, equities research analysts predict that EPAM Systems, Inc. will post $3.35 earnings per share for the current year.

In other EPAM Systems news, insider Elaina Shekhter sold 2,875 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $80.63, for a total value of $231,811.25. Following the sale, the insider now owns 12,219 shares in the company, valued at approximately $985,217.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Balazs Fejes sold 34,234 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $84.76, for a total transaction of $2,901,673.84. Following the completion of the sale, the senior vice president now owns 48,467 shares in the company, valued at approximately $4,108,062.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,164 shares of company stock worth $5,365,096. Corporate insiders own 6.17% of the company’s stock.

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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