EPAM Systems Inc (NYSE:EPAM) – KeyCorp lowered their FY2017 EPS estimates for EPAM Systems in a report issued on Monday. KeyCorp analyst A. Ramnani now expects that the information technology services provider will post earnings per share of $2.68 for the year, down from their prior estimate of $2.74. KeyCorp has a “Buy” rating and a $100.00 price target on the stock. KeyCorp also issued estimates for EPAM Systems’ Q4 2017 earnings at $0.81 EPS, Q1 2018 earnings at $0.80 EPS, Q2 2018 earnings at $0.82 EPS, Q3 2018 earnings at $0.89 EPS, Q4 2018 earnings at $1.08 EPS and FY2018 earnings at $3.58 EPS.

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

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “buy” rating and issued a $92.00 price objective on shares of EPAM Systems in a research note on Thursday, November 2nd. BidaskClub lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. Cowen set a $115.00 price objective on shares of EPAM Systems and gave the company a “buy” rating in a research note on Monday, December 11th. Finally, Pivotal Research assumed coverage on shares of EPAM Systems in a research note on Tuesday, December 5th. They issued a “buy” rating and a $120.00 price objective for the company. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $102.87.

Shares of EPAM Systems (EPAM) opened at $110.40 on Thursday. EPAM Systems has a one year low of $63.32 and a one year high of $111.95. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.03. The firm has a market cap of $5,760.00, a P/E ratio of 46.78, a PEG ratio of 1.69 and a beta of 0.98.

Hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership lifted its stake in EPAM Systems by 54.9% in the third quarter. Artisan Partners Limited Partnership now owns 216,086 shares of the information technology services provider’s stock worth $19,000,000 after acquiring an additional 76,625 shares during the period. Bank of Nova Scotia purchased a new stake in EPAM Systems in the second quarter worth $2,565,000. Sloane Robinson LLP purchased a new stake in EPAM Systems in the third quarter worth $5,610,000. Bamco Inc. NY lifted its stake in EPAM Systems by 28.0% in the third quarter. Bamco Inc. NY now owns 53,836 shares of the information technology services provider’s stock worth $4,734,000 after acquiring an additional 11,763 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in EPAM Systems by 9.8% in the second quarter. UBS Asset Management Americas Inc. now owns 24,692 shares of the information technology services provider’s stock worth $2,076,000 after acquiring an additional 2,197 shares during the period. 89.15% of the stock is owned by institutional investors.

In other news, SVP Elaina Shekhter sold 1,261 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $95.00, for a total transaction of $119,795.00. Following the completion of the sale, the senior vice president now owns 10,458 shares of the company’s stock, valued at $993,510. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Arkadiy Dobkin sold 15,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $91.09, for a total value of $1,366,350.00. Following the sale, the chief executive officer now directly owns 2,010,851 shares of the company’s stock, valued at approximately $183,168,417.59. 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. Company 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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