EPAM Systems Inc (NYSE:EPAM) – Equities research analysts at Wedbush lifted their Q4 2017 earnings per share estimates for shares of EPAM Systems in a research report issued on Tuesday. Wedbush analyst M. Katri now anticipates that the information technology services provider will post earnings per share of $0.81 for the quarter, up from their prior forecast of $0.79.

A number of other equities research analysts have also recently commented on EPAM. BidaskClub cut EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday, October 3rd. Cowen reaffirmed a “buy” rating and set a $95.00 price objective on shares of EPAM Systems in a research note on Thursday, October 12th. Citigroup lifted their price objective on EPAM Systems from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, KeyCorp reaffirmed a “buy” rating on shares of EPAM Systems in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $102.87.

Shares of EPAM Systems (NYSE EPAM) opened at $110.40 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56. EPAM Systems has a 52 week low of $63.32 and a 52 week high of $111.95. The company has a market capitalization of $5,800.00, a price-to-earnings ratio of 46.78, a P/E/G ratio of 1.69 and a beta of 0.98.

EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, November 2nd. The information technology services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The business had revenue of $377.50 million during the quarter, compared to analysts’ expectations of $368.22 million. During the same period in the previous year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of EPAM. Acrospire Investment Management LLC bought a new stake in shares of EPAM Systems in the second quarter valued at about $101,000. PNC Financial Services Group Inc. lifted its holdings in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock valued at $123,000 after purchasing an additional 378 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 166 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of EPAM Systems in the second quarter valued at about $216,000. Finally, BT Investment Management Ltd bought a new stake in shares of EPAM Systems in the second quarter valued at about $247,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

In other EPAM Systems news, Director Ronald P. Vargo sold 4,000 shares of EPAM Systems stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $101.32, for a total transaction of $405,280.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Arkadiy Dobkin sold 19,600 shares of EPAM Systems stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $103.21, for a total value of $2,022,916.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 229,154 shares of company stock worth $22,580,185. Corporate insiders own 6.17% of the company’s stock.

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EPAM Systems Company Profile

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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