Wall Street analysts expect EPAM Systems Inc (NYSE:EPAM) to report sales of $499.54 million for the current quarter, according to Zacks. Six analysts have issued estimates for EPAM Systems’ earnings, with estimates ranging from $495.93 million to $501.12 million. EPAM Systems posted sales of $399.30 million during the same quarter last year, which suggests a positive year over year growth rate of 25.1%. The company is expected to announce its next earnings report on Friday, February 15th.

On average, analysts expect that EPAM Systems will report full year sales of $1.84 billion for the current fiscal year, with estimates ranging from $1.83 billion to $1.84 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.25 billion, with estimates ranging from $2.23 billion to $2.27 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover EPAM Systems.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.33. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. The firm had revenue of $468.20 million during the quarter, compared to analyst estimates of $466.97 million. During the same quarter last year, the firm earned $0.92 EPS. EPAM Systems’s quarterly revenue was up 24.0% on a year-over-year basis.

A number of equities research analysts have weighed in on EPAM shares. Zacks Investment Research upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, November 13th. Citigroup raised their price objective on EPAM Systems from $142.00 to $153.00 and gave the company a “buy” rating in a research note on Friday, October 5th. SunTrust Banks restated a “buy” rating and set a $138.00 price objective on shares of EPAM Systems in a research note on Friday, August 3rd. Cantor Fitzgerald restated a “buy” rating and set a $139.00 price objective on shares of EPAM Systems in a research note on Thursday, August 2nd. Finally, Bank of America lowered EPAM Systems from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $134.00 to $147.00 in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. EPAM Systems presently has an average rating of “Buy” and an average target price of $141.00.

NYSE EPAM traded down $4.64 during mid-day trading on Friday, reaching $120.68. 7,675 shares of the company’s stock traded hands, compared to its average volume of 392,374. EPAM Systems has a 1-year low of $96.11 and a 1-year high of $144.19. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.02. The firm has a market cap of $6.77 billion, a PE ratio of 43.15, a price-to-earnings-growth ratio of 1.86 and a beta of 1.24.

In related news, SVP Jason Harman sold 3,547 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $136.98, for a total value of $485,868.06. Following the sale, the senior vice president now owns 9,473 shares of the company’s stock, valued at approximately $1,297,611.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Balazs Fejes sold 15,133 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $141.33, for a total value of $2,138,746.89. Following the completion of the sale, the executive vice president now directly owns 28,458 shares in the company, valued at approximately $4,021,969.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,680 shares of company stock valued at $5,484,215. Insiders own 5.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EPAM. Tower Research Capital LLC TRC raised its stake in EPAM Systems by 60.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,072 shares of the information technology services provider’s stock valued at $148,000 after acquiring an additional 403 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in EPAM Systems during the 3rd quarter valued at $166,000. Point72 Hong Kong Ltd raised its stake in EPAM Systems by 721.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 1,248 shares of the information technology services provider’s stock valued at $172,000 after acquiring an additional 1,096 shares in the last quarter. North Star Asset Management Inc. bought a new stake in EPAM Systems during the 3rd quarter valued at $207,000. Finally, Oakbrook Investments LLC bought a new stake in EPAM Systems during the 3rd quarter valued at $213,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

About EPAM Systems

EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.

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