Equities research analysts forecast that EPAM Systems Inc (NYSE:EPAM) will announce sales of $395.59 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for EPAM Systems’ earnings. The lowest sales estimate is $393.50 million and the highest is $399.55 million. EPAM Systems posted sales of $313.53 million during the same quarter last year, which suggests a positive year over year growth rate of 26.2%. The firm is expected to announce its next quarterly earnings results before the market opens on Friday, February 16th.

On average, analysts expect that EPAM Systems will report full-year sales of $395.59 million for the current financial year, with estimates ranging from $1.44 billion to $1.45 billion. For the next financial year, analysts expect that the business will post sales of $1.75 billion per share, with estimates ranging from $1.73 billion to $1.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow EPAM Systems.

A number of analysts have commented on the company. Zacks Investment Research downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. UBS Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $105.00 to $110.00 in a research report on Wednesday, November 29th. Cowen set a $115.00 price objective on EPAM Systems and gave the stock a “buy” rating in a research report on Monday, December 11th. Bank of America raised their price objective on EPAM Systems from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Citigroup raised their price objective on EPAM Systems from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. EPAM Systems currently has a consensus rating of “Buy” and an average target price of $102.87.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 19,600 shares of EPAM Systems stock in a transaction on Monday, November 20th. The stock was sold at an average price of $103.21, for a total value of $2,022,916.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald P. Vargo sold 4,000 shares of EPAM Systems stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $101.32, for a total value of $405,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,600 shares of company stock valued at $10,051,196 in the last 90 days. 6.17% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of EPAM. Canada Pension Plan Investment Board raised its position in EPAM Systems by 87.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 926,537 shares of the information technology services provider’s stock valued at $81,470,000 after purchasing an additional 432,237 shares during the last quarter. Barings LLC bought a new position in EPAM Systems in the 4th quarter valued at $39,278,000. Macquarie Group Ltd. bought a new position in EPAM Systems in the 2nd quarter valued at $27,404,000. BlackRock Inc. raised its position in EPAM Systems by 8.3% in the 4th quarter. BlackRock Inc. now owns 3,344,974 shares of the information technology services provider’s stock valued at $359,349,000 after purchasing an additional 256,217 shares during the last quarter. Finally, BARING ASSET MANAGEMENT Ltd raised its position in EPAM Systems by 105.7% in the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 406,329 shares of the information technology services provider’s stock valued at $35,728,000 after purchasing an additional 208,825 shares during the last quarter. Hedge funds and other institutional investors own 89.27% of the company’s stock.

Shares of EPAM Systems (EPAM) traded down $1.32 during mid-day trading on Wednesday, hitting $104.87. The company’s stock had a trading volume of 770,943 shares, compared to its average volume of 261,000. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.56 and a quick ratio of 5.56. EPAM Systems has a 52 week low of $64.67 and a 52 week high of $119.18. The company has a market cap of $5,608.17, a P/E ratio of 44.63, a P/E/G ratio of 1.61 and a beta of 0.93.

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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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