EPAM Systems (NYSE:EPAM) released its quarterly earnings results on Thursday. The information technology services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.06, Briefing.com reports. The firm had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $579.82 million. EPAM Systems had a net margin of 11.98% and a return on equity of 18.90%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. EPAM Systems updated its Q4 guidance to at least $1.43 EPS and its FY19 guidance to at least $5.35 EPS.
Shares of NYSE:EPAM opened at $189.23 on Friday. The company’s 50 day moving average price is $182.84 and its two-hundred day moving average price is $181.65. EPAM Systems has a 12-month low of $104.77 and a 12-month high of $201.00. The firm has a market cap of $9.75 billion, a PE ratio of 48.40, a PEG ratio of 2.03 and a beta of 1.45. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.13.
In other EPAM Systems news, CMO Elaina Shekhter sold 2,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $195.00, for a total transaction of $546,000.00. Following the transaction, the chief marketing officer now owns 10,459 shares in the company, valued at approximately $2,039,505. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 3,469 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $186.92, for a total transaction of $648,425.48. Following the transaction, the chief financial officer now owns 15,473 shares in the company, valued at approximately $2,892,213.16. The disclosure for this sale can be found here. Corporate insiders own 5.30% of the company’s stock.
EPAM has been the topic of several research analyst reports. Zacks Investment Research raised shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a report on Wednesday, August 14th. Cantor Fitzgerald increased their price target on shares of EPAM Systems from $212.00 to $219.00 and gave the company an “overweight” rating in a report on Friday. ValuEngine cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays assumed coverage on shares of EPAM Systems in a report on Friday, September 20th. They issued an “overweight” rating and a $214.00 price target on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of EPAM Systems in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. EPAM Systems has a consensus rating of “Buy” and a consensus price target of $187.20.
About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Armenia, Belarus, Kazakhstan, Russia, Ukraine, Asia, and Australia. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.
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