Somewhat Positive Press Coverage Somewhat Unlikely to Impact EPAM Systems (EPAM) Stock Price
Press coverage about EPAM Systems (NYSE:EPAM) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EPAM Systems earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 45.9303832094025 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- EPAM Systems (EPAM) and NetScout Systems (NTCT) Head to Head Analysis (americanbankingnews.com)
- Investors should Buy on Technology Stock: EPAM Systems, Inc. (EPAM) – Street Observer (press release) (streetobserver.com)
- EPAM Announces Date for Third Quarter 2017 Earnings Release and Conference Call – GlobeNewswire (press release) (globenewswire.com)
- Interesting EPAM Put And Call Options For November 17th (nasdaq.com)
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a report on Tuesday, October 3rd. Berenberg Bank set a $95.00 price objective on shares of EPAM Systems and gave the company a “buy” rating in a report on Sunday, August 6th. BidaskClub upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Barclays PLC lowered their price objective on shares of EPAM Systems from $92.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, August 4th. Finally, Jefferies Group LLC set a $95.00 price objective on shares of EPAM Systems and gave the company a “buy” rating in a report on Thursday, August 17th. Fourteen research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $92.23.
EPAM Systems (NYSE EPAM) opened at 90.18 on Monday. EPAM Systems has a one year low of $54.53 and a one year high of $90.25. The firm has a market capitalization of $4.74 billion, a P/E ratio of 43.54 and a beta of 0.99. The company’s 50-day moving average is $83.82 and its 200-day moving average is $81.65.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business had revenue of $348.98 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same period last year, the business earned $0.71 EPS. The business’s revenue was up 23.0% on a year-over-year basis. Equities analysts forecast that EPAM Systems will post $3.30 earnings per share for the current fiscal year.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $80.14, for a total transaction of $2,404,200.00. Following the transaction, the chief executive officer now directly owns 2,110,851 shares in the company, valued at approximately $169,163,599.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 222,500 shares of company stock worth $18,419,445. Company insiders own 6.17% of the company’s stock.
About EPAM Systems
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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