EPAM Systems Inc (NYSE:EPAM) Director Ronald P. Vargo sold 2,000 shares of the stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $125.57, for a total transaction of $251,140.00. Following the transaction, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,541,497.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
EPAM stock traded down $1.52 during trading hours on Friday, reaching $123.97. The stock had a trading volume of 8,479 shares, compared to its average volume of 238,170. The stock has a market cap of $6.71 billion, a P/E ratio of 43.51, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.39 and a quick ratio of 5.39. EPAM Systems Inc has a fifty-two week low of $77.96 and a fifty-two week high of $131.75.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings data on Wednesday, May 9th. The information technology services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.02. The company had revenue of $424.15 million for the quarter, compared to analyst estimates of $414.15 million. EPAM Systems had a net margin of 7.33% and a return on equity of 17.45%. The company’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. equities research analysts anticipate that EPAM Systems Inc will post 3.27 EPS for the current fiscal year.
Several research analysts recently commented on the stock. Cowen increased their target price on shares of EPAM Systems from $130.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, May 17th. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. KeyCorp increased their target price on shares of EPAM Systems to $132.00 and gave the stock an “overweight” rating in a report on Monday, May 7th. Berenberg Bank increased their price target on shares of EPAM Systems to $145.00 in a research note on Thursday, May 10th. They noted that the move was a valuation call. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $135.00 price target (up previously from $130.00) on shares of EPAM Systems in a research note on Monday, March 19th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $125.25.
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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