EPAM Systems Inc (NYSE:EPAM) shares traded -0.08% lower at $276.16 on Wall Street last session.
EPAM stock price is now -6.17% away from the 50-day moving average and 5.54% away from the 200-day moving average. The market capitalization of the company currently stands at $15.97B.
With the price target of $350, Guggenheim recently initiated with Buy rating for EPAM Systems Inc (NYSE: EPAM). On February 16, 2024, Scotiabank Upgraded its previous ‘Sector Perform’ rating to ‘Sector Outperform’ on the stock increasing its target price from $265 to quote $350, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Dobkin Arkadiy, CEO, President, Chairman sold 9,300 shares of the company’s stock on Mar 15 ’24. The stock was sold for $2,791,581 at an average price of $300.17. Upon completion of the transaction, the CEO, President, Chairman now directly owns 1,275,311 shares in the company, valued at $352.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’24, CEO, President, Chairman Dobkin Arkadiy sold 18,865 shares of the business’s stock. A total of $5,693,268 was realized by selling the stock at an average price of $301.79. This leaves the insider owning 1,223,611 shares of the company worth $337.91 million. A total of 3.32% of the company’s stock is owned by insiders.
During the past 12 months, EPAM Systems Inc has had a low of $197.99 and a high of $317.50. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 4.79, and a quick ratio of 4.79. According to the stock market information, the enterprise value for the company is $14.06B, which is based on a 39.13 price-to-earnings ratio, a 5.51 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for EPAM is $294.30 and a two-hundred day moving average price translates $261.65 for the stock.
The latest earnings results from EPAM Systems Inc (NYSE: EPAM) was released for Dec, 2023. According to the Information Technology Services Company, earnings per share came in at $2.75, beating analysts’ expectations of $2.5 by 0.25. This compares to $2.62 EPS in the same period last year. The net profit margin was 8.89% and return on equity was 12.89% for EPAM. The company reported revenue of $1.16 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.01 percent. For the current quarter, analysts expect EPAM to generate $1.16B in revenue.
