EPAM Systems (NYSE:EPAM) Earning Somewhat Favorable Press Coverage, Study Shows
Headlines about EPAM Systems (NYSE:EPAM) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. EPAM Systems earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 46.9455889427359 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- EPAM Systems, Inc. (NYSE:EPAM) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS (americanbankingnews.com)
- EPAM Systems Inc (EPAM) Chaikin Money Flow in Positive Territory – Evergreen Caller (evergreencaller.com)
- Taking Aim at Shares of Masimo Corporation (NASDAQ:MASI) and EPAM Systems, Inc. (NYSE:EPAM) – FLBC News (flbcnews.com)
- EPAM Systems Inc (EPAM) Awesome Oscillator Building Momentum – FLBC News (flbcnews.com)
- BMS boosts immuno-oncology with $2.3bn IFM buy (newstrendstoday.com)
EPAM Systems (NYSE:EPAM) traded up 1.84% during midday trading on Friday, reaching $83.41. 361,714 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $84.28 and its 200-day moving average price is $77.14. The company has a market capitalization of $4.32 billion, a PE ratio of 44.84 and a beta of 0.99. EPAM Systems has a 1-year low of $54.53 and a 1-year high of $87.93.
EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The company had revenue of $348.98 million for the quarter, compared to analyst estimates of $342 million. EPAM Systems had a net margin of 8.71% and a return on equity of 15.74%. EPAM Systems’s quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Equities analysts expect that EPAM Systems will post $3.39 EPS for the current year.
Several equities analysts recently issued reports on EPAM shares. Monness Crespi & Hardt upped their target price on EPAM Systems from $82.00 to $91.00 and gave the company a “buy” rating in a research report on Wednesday, May 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price (up from $82.00) on shares of EPAM Systems in a research report on Friday, May 5th. Zacks Investment Research raised EPAM Systems from a “sell” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, May 5th. Cantor Fitzgerald reissued a “buy” rating and issued a $78.00 target price on shares of EPAM Systems in a research report on Thursday, May 4th. Finally, UBS AG upped their target price on EPAM Systems from $89.00 to $96.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $89.50.
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In other EPAM Systems news, SVP Balazs Fejes sold 34,234 shares of EPAM Systems stock in a transaction on Monday, June 5th. The shares were sold at an average price of $84.76, for a total value of $2,901,673.84. Following the transaction, the senior vice president now directly owns 48,467 shares in the company, valued at $4,108,062.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ginger Mosier sold 26,055 shares of EPAM Systems stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $85.65, for a total transaction of $2,231,610.75. Following the completion of the transaction, the senior vice president now owns 12,733 shares in the company, valued at $1,090,581.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,164 shares of company stock worth $5,365,096. 6.17% of the stock is currently owned by company insiders.
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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