EPAM Systems (EPAM) Given News Sentiment Rating of -0.07
Media headlines about EPAM Systems (NYSE:EPAM) have trended somewhat negative on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EPAM Systems earned a news sentiment score of -0.07 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 69 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Watching The Trendlines for EPAM Systems Inc (EPAM) – Evergreen Caller (evergreencaller.com)
- MARSHALL WACE ASIA Ltd Invests $3.65 Million in Zions Bancorporation (NASDAQ:ZION) (healthcaremenu.net)
- Marching to the Beat of Their Own Drums, Updates on Bio-Techne Corporation (NASDAQ:TECH), EPAM Systems, Inc … – FLBC News (flbcnews.com)
- EnerSys Appoints 2 New Members To Its Board Of Directors – AftermarketNews.com (AMN) (aftermarketnews.com)
- Unisys Poised to Benefit from Portfolio Rationalization – Nasdaq (nasdaq.com)
Shares of EPAM Systems (EPAM) traded down 0.86% on Thursday, reaching $83.49. The company’s stock had a trading volume of 42,201 shares. The company’s 50-day moving average is $83.01 and its 200 day moving average is $73.77. EPAM Systems has a 12-month low of $54.53 and a 12-month high of $86.97. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 44.89 and a beta of 0.99.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, May 4th. The information technology services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.22. The firm had revenue of $324.65 million during the quarter, compared to analyst estimates of $316.64 million. EPAM Systems had a return on equity of 11.70% and a net margin of 8.11%. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. Equities analysts anticipate that EPAM Systems will post $3.43 earnings per share for the current fiscal year.
A number of research firms have issued reports on EPAM. Cantor Fitzgerald restated a “buy” rating and set a $78.00 price target on shares of EPAM Systems in a report on Thursday, May 4th. Wedbush upped their target price on EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and set a $84.00 target price (up from $80.00) on shares of EPAM Systems in a research report on Friday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price (up from $82.00) on shares of EPAM Systems in a research report on Friday, May 5th. Finally, Zacks Investment Research lowered EPAM Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Eight investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $86.25.
In other EPAM Systems news, SVP Ginger Mosier sold 26,055 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $85.65, for a total transaction of $2,231,610.75. Following the sale, the senior vice president now directly owns 12,733 shares in the company, valued at $1,090,581.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Balazs Fejes sold 34,234 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $84.76, for a total value of $2,901,673.84. Following the sale, the senior vice president now owns 48,467 shares in the company, valued at $4,108,062.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,164 shares of company stock valued at $7,311,796. Corporate insiders own 6.17% of the company’s stock.
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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