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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EPAM. Bank of America raised EPAM Systems from a "neutral" rating to a "buy" rating and raised their target price for the company from $312.00 to $400.00 in a report on Friday, May 6th. Citigroup raised their target price on EPAM Systems to $520.00 in a report on Tuesday, August 9th. Susquehanna Bancshares raised their target price on EPAM Systems from $370.00 to $496.00 and gave the company a "positive" rating in a report on Tuesday, August 9th. Needham & Company LLC raised their target price on EPAM Systems from $450.00 to $490.00 and gave the company a "buy" rating in a report on Friday, August 5th. Finally, Cowen raised their target price on EPAM Systems from $400.00 to $440.00 in a report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $473.71.

EPAM Systems Stock Up 0.8 %

Shares of NYSE:EPAM opened at $448.53 on Tuesday. The firm has a market cap of $25.73 billion, a P/E ratio of 72.46, a P/E/G ratio of 2.73 and a beta of 1.77. The company has a quick ratio of 3.45, a current ratio of 3.45 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 business has a fifty day simple moving average of $334.78 and a 200 day simple moving average of $325.42.

EPAM Systems (NYSE:EPAM - Get Rating) last announced its earnings results on Thursday, August 4th. The information technology services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 21.72% and a net margin of 8.21%. EPAM Systems's revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the company earned $1.90 EPS. Analysts predict that EPAM Systems will post 8.25 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jason D. Peterson sold 400 shares of the firm's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $335.00, for a total transaction of $134,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,762 shares of the company's stock, valued at approximately $3,940,270. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Jason D. Peterson sold 400 shares of EPAM Systems stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $335.00, for a total value of $134,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,762 shares of the company's stock, valued at approximately $3,940,270. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Elaina Shekhter sold 100 shares of EPAM Systems stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $347.10, for a total value of $34,710.00. Following the completion of the transaction, the chief marketing officer now directly owns 7,671 shares of the company's stock, valued at $2,662,604.10. The disclosure for this sale can be found here. Insiders sold a total of 51,311 shares of company stock valued at $21,701,744 in the last three months. Insiders own 4.10% of the company's stock.