Somewhat Positive Media Coverage Somewhat Unlikely to Affect EPAM Systems (EPAM) Share Price

Media stories about EPAM Systems (NYSE:EPAM) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. EPAM Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the information technology services provider an impact score of 45.5367740880199 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Shares of EPAM Systems (EPAM) traded up $1.84 during trading on Friday, reaching $101.91. The company had a trading volume of 263,614 shares, compared to its average volume of 272,632. EPAM Systems has a 1-year low of $61.74 and a 1-year high of $107.91. The firm has a market cap of $5,382.17, a price-to-earnings ratio of 40.28, a PEG ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.56 and a current ratio of 5.56.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 15.70% and a net margin of 9.41%. The business had revenue of $377.50 million for the quarter, compared to analyst estimates of $368.22 million. During the same quarter last year, the firm earned $0.76 EPS. EPAM Systems’s revenue for the quarter was up 26.6% compared to the same quarter last year. analysts anticipate that EPAM Systems will post 2.68 EPS for the current fiscal year.

A number of equities research analysts have recently commented on EPAM shares. Pivotal Research started coverage on EPAM Systems in a research report on Tuesday, December 5th. They set a “buy” rating and a $120.00 price target on the stock. KeyCorp reaffirmed a “buy” rating on shares of EPAM Systems in a research report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target (up previously from $90.00) on shares of EPAM Systems in a research report on Friday, November 3rd. UBS reaffirmed a “buy” rating and set a $105.00 price target (up previously from $96.00) on shares of EPAM Systems in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised EPAM Systems from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Wednesday, November 1st. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $100.07.

In related news, CEO Arkadiy Dobkin sold 56,945 shares of EPAM Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $84.79, for a total value of $4,828,366.55. Following the sale, the chief executive officer now owns 2,070,851 shares of the company’s stock, valued at approximately $175,587,456.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald P. Vargo sold 4,000 shares of EPAM Systems stock in a transaction that occurred 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. In the last three months, insiders sold 357,054 shares of company stock worth $33,544,681. 6.17% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for EPAM Systems (NYSE:EPAM)

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