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.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of research analyst reports. Citigroup upped their price target on EPAM Systems to $520.00 in a report on Tuesday. Wedbush upped their price objective on EPAM Systems from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Monday, June 6th. Barclays upped their price objective on EPAM Systems from $410.00 to $485.00 and gave the stock an "overweight" rating in a report on Monday. Susquehanna upped their price objective on EPAM Systems from $370.00 to $496.00 and gave the stock a "positive" rating in a report on Tuesday. Finally, Susquehanna Bancshares upped their target price on EPAM Systems from $370.00 to $496.00 and gave the company a "positive" rating in a report on Tuesday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $473.71.

EPAM Systems Stock Down 1.2 %

NYSE:EPAM traded down $5.31 during mid-day trading on Thursday, reaching $435.61. 557,536 shares of the company's stock traded hands, compared to its average volume of 972,726. EPAM Systems has a 1-year low of $168.59 and a 1-year high of $725.40. The company has a fifty day simple moving average of $328.44 and a 200-day simple moving average of $327.19. The company has a current ratio of 3.45, a quick ratio of 3.32 and a debt-to-equity ratio of 0.01. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 71.23, a P/E/G ratio of 2.84 and a beta of 1.77.

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 (EPS) 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 return on equity of 21.72% and a net margin of 8.21%. The business's revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.90 EPS. As a group, equities research analysts expect that EPAM Systems will post 7.46 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In other news, CFO Jason D. Peterson sold 400 shares of the business's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $335.00, for a total value of $134,000.00. Following the sale, the chief financial officer now owns 11,762 shares of the company's stock, valued at approximately $3,940,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jason D. Peterson sold 400 shares of the business's stock in a transaction on Friday, May 20th. The stock was sold at an average price of $335.00, for a total value of $134,000.00. Following the sale, the chief financial officer now owns 11,762 shares of the company's stock, valued at approximately $3,940,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jason D. Peterson sold 1,662 shares of the business's stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $424.74, for a total value of $705,917.88. Following the completion of the sale, the chief financial officer now directly owns 11,762 shares in the company, valued at approximately $4,995,791.88. The disclosure for this sale can be found here. Insiders have sold 2,162 shares of company stock valued at $874,628 in the last quarter. Corporate insiders own 4.10% of the company's stock.