Media coverage about EPAM Systems (NYSE:EPAM) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. EPAM Systems earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 45.9034816049093 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s scoring:
- EPAM Systems No Longer Attractive For Putting New Money To Work, BofA Says (finance.yahoo.com)
- EPAM Systems Inc (EPAM) SVP Viktar Dvorkin Sells 20,000 Shares (americanbankingnews.com)
- EPAM Systems (EPAM) Downgraded by Bank of America to Neutral (americanbankingnews.com)
- RPA: a revolution in business process automation (techcentral.ie)
- BofAML downgrades EPAM Systems on risk/reward balance (seekingalpha.com)
A number of analysts have recently issued reports on the company. Bank of America cut EPAM Systems from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $134.00 to $147.00 in a report on Tuesday. Wedbush boosted their target price on EPAM Systems from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Wolfe Research assumed coverage on EPAM Systems in a report on Tuesday, July 17th. They set an “outperform” rating for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $139.00 target price on shares of EPAM Systems in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut EPAM Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. EPAM Systems has a consensus rating of “Buy” and an average target price of $135.33.
EPAM Systems stock opened at $137.17 on Thursday. The company has a market cap of $7.69 billion, a P/E ratio of 48.13, a P/E/G ratio of 2.28 and a beta of 1.16. The company has a current ratio of 5.65, a quick ratio of 5.65 and a debt-to-equity ratio of 0.02. EPAM Systems has a one year low of $80.98 and a one year high of $144.19.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.99 by $0.02. The firm had revenue of $445.60 million for the quarter, compared to analyst estimates of $447.14 million. EPAM Systems had a return on equity of 18.55% and a net margin of 7.68%. EPAM Systems’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. sell-side analysts expect that EPAM Systems will post 3.19 EPS for the current year.
In related news, SVP Viktar Dvorkin sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $142.98, for a total transaction of $2,859,600.00. Following the transaction, the senior vice president now directly owns 29,258 shares of the company’s stock, valued at approximately $4,183,308.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Harman sold 11,932 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $123.81, for a total value of $1,477,300.92. Following the transaction, the senior vice president now directly owns 14,578 shares in the company, valued at $1,804,902.18. The disclosure for this sale can be found here. Insiders have sold a total of 55,612 shares of company stock worth $7,605,236 over the last three months. 5.30% of the stock is currently owned by corporate insiders.
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.
Further Reading: Earnings Per Share (EPS)
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