EPAM Systems (NYSE:EPAM) updated its first quarter earnings guidance on Friday. The company provided earnings per share guidance of at least $0.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92. The company issued revenue guidance of at least $414 million, compared to the consensus revenue estimate of $397.93 million.EPAM Systems also updated its FY18 guidance to at least $4.03 EPS.

Several research firms have commented on EPAM. Zacks Investment Research downgraded shares of EPAM Systems from a hold rating to a sell rating in a research note on Tuesday. UBS Group downgraded shares of EPAM Systems from a buy rating to a neutral rating and lifted their price target for the stock from $105.00 to $110.00 in a research note on Wednesday, November 29th. Cowen set a $115.00 price target on shares of EPAM Systems and gave the stock a buy rating in a research note on Monday, December 11th. Bank of America lifted their price target on shares of EPAM Systems from $95.00 to $110.00 and gave the stock a buy rating in a research note on Monday, November 6th. Finally, Citigroup lifted their price target on shares of EPAM Systems from $105.00 to $110.00 and gave the stock a buy rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the company. EPAM Systems has a consensus rating of Buy and an average price target of $102.87.

EPAM Systems (NYSE EPAM) opened at $112.23 on Friday. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. EPAM Systems has a fifty-two week low of $69.62 and a fifty-two week high of $119.18. The stock has a market cap of $5,847.94, a P/E ratio of 43.77, a PEG ratio of 1.68 and a beta of 0.93.

EPAM Systems (NYSE:EPAM) last issued its earnings results on Friday, February 16th. The information technology services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.03. EPAM Systems had a net margin of 9.41% and a return on equity of 15.70%. The firm had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $395.78 million. During the same quarter last year, the business earned $0.77 earnings per share. The business’s revenue was up 27.4% on a year-over-year basis. research analysts forecast that EPAM Systems will post 2.67 EPS for the current fiscal year.

In other news, CEO Arkadiy Dobkin sold 19,600 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $103.21, for a total value of $2,022,916.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.17% of the stock is currently owned by company insiders.

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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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