EPAM Systems - EPAM Stock Forecast, Price & News

EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers' business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.

EPAM Systems Stock Up 0.1 %

NYSE:EPAM traded up $0.25 on Monday, reaching $427.64. 482,672 shares of the stock traded hands, compared to its average volume of 978,708. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 69.09, a PEG ratio of 3.43 and a beta of 1.77. The company has a current ratio of 3.45, a quick ratio of 3.32 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12 month low of $168.59 and a 12 month high of $725.40. The company's fifty day simple moving average is $324.53 and its 200 day simple moving average is $325.73.

EPAM Systems (NYSE:EPAM - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.67. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.12 billion. EPAM Systems had a net margin of 8.21% and a return on equity of 21.72%. EPAM Systems's revenue was up 35.5% compared to the same quarter last year. During the same period last year, the business earned $1.90 EPS. Equities analysts predict that EPAM Systems will post 7.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Cowen raised their target price on shares of EPAM Systems from $400.00 to $440.00 in a research report on Friday. Needham & Company LLC increased their price target on shares of EPAM Systems from $450.00 to $490.00 and gave the stock a "buy" rating in a research note on Friday. Wedbush increased their price target on shares of EPAM Systems from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Monday, June 6th. Susquehanna Bancshares upgraded shares of EPAM Systems to a "positive" rating in a research note on Monday, May 16th. Finally, Wolfe Research upgraded shares of EPAM Systems from a "peer perform" rating to an "outperform" rating and set a $390.00 price target for the company in a research note on Monday, April 11th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $451.54.

Insider Activity

In other news, CMO Elaina Shekhter sold 100 shares of the firm's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $347.10, for a total transaction of $34,710.00. Following the sale, the chief marketing officer now owns 7,671 shares of the company's stock, valued at approximately $2,662,604.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CMO Elaina Shekhter sold 100 shares of the firm's stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $347.10, for a total transaction of $34,710.00. Following the sale, the chief marketing officer now owns 7,671 shares of the company's stock, valued at approximately $2,662,604.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 400 shares of the firm's stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $335.00, for a total transaction of $134,000.00. Following the sale, the chief financial officer now directly owns 11,762 shares in the company, valued at approximately $3,940,270. The disclosure for this sale can be found here. Insiders have sold a total of 1,500 shares of company stock valued at $493,710 in the last 90 days. 4.10% of the stock is currently owned by insiders.