EPAM Systems (EPAM) Getting Somewhat Favorable News Coverage, Analysis Shows
Press coverage about EPAM Systems (NYSE:EPAM) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. EPAM Systems earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 45.8616918328006 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Interesting EPAM Put And Call Options For November 17th (nasdaq.com)
- Tintri To Showcase All-Flash Storage For Enterprise Cloud At IP Expo London On October 4 and 5 (pr-inside.com)
- Insider Transactions (philly.com)
- EPAM Ranked Again in the Top 100 Digital Agencies in the UK, Increasing Rank From Six to Five – GlobeNewswire (press release) (globenewswire.com)
- Top-Rated Stocks: Epam Systems Sees Composite Rating Climb To 96 (finance.yahoo.com)
EPAM Systems (EPAM) opened at 88.10 on Tuesday. The firm has a market capitalization of $4.63 billion, a PE ratio of 42.54 and a beta of 0.99. EPAM Systems has a one year low of $54.53 and a one year high of $88.84. The company’s 50-day moving average price is $82.90 and its 200 day moving average price is $81.28.
EPAM Systems (NYSE:EPAM) last announced its quarterly earnings data on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. The business had revenue of $348.98 million during the quarter, compared to analyst estimates of $342.00 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis. On average, analysts forecast that EPAM Systems will post $3.30 earnings per share for the current year.
A number of equities analysts have recently issued reports on the company. Berenberg Bank set a $95.00 target price on EPAM Systems and gave the stock a “buy” rating in a research note on Sunday, August 6th. Barclays PLC decreased their price target on EPAM Systems from $92.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. BidaskClub upgraded EPAM Systems from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. Jefferies Group LLC set a $95.00 price target on EPAM Systems and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research lowered EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. EPAM Systems has a consensus rating of “Buy” and an average target price of $91.54.
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In other news, CEO Arkadiy Dobkin sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $80.14, for a total transaction of $2,404,200.00. Following the completion of the transaction, the chief executive officer now owns 2,110,851 shares in the company, valued at approximately $169,163,599.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 212,500 shares of company stock worth $17,544,745. 6.17% of the stock is owned by company insiders.
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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