EPAM Systems (EPAM) Expected to Announce Quarterly Earnings on Thursday

EPAM Systems (NYSE:EPAM - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $2.75 per share and revenue of $1.21 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

EPAM Systems Price Performance

EPAM Systems stock traded down $1.42 during mid-day trading on Friday, reaching $266.21. 387,209 shares of the company's stock traded hands, compared to its average volume of 511,176. The company has a market cap of $15.10 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 3.96 and a beta of 1.51. The stock has a 50 day moving average of $244.09 and a two-hundred day moving average of $221.18. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01. EPAM Systems has a 12-month low of $169.43 and a 12-month high of $317.50.

Insiders Place Their Bets

In related news, CFO Jason D. Peterson sold 464 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the completion of the transaction, the chief financial officer now directly owns 24,372 shares of the company's stock, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares of the company's stock, valued at $3,334,890. The trade was a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,300 shares of company stock worth $2,129,924 in the last three months. Corporate insiders own 4.30% of the company's stock.

Analyst Ratings Changes

EPAM has been the topic of a number of recent research reports. Itau BBA Securities raised shares of EPAM Systems from a "market perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday, November 8th. Scotiabank raised shares of EPAM Systems from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $245.00 to $275.00 in a research note on Monday, November 11th. Barclays raised shares of EPAM Systems from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Needham & Company LLC increased their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Citigroup increased their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, EPAM Systems currently has an average rating of "Moderate Buy" and an average target price of $269.83.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. 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, performance tuning, deployment, maintenance, and support services.