Press coverage about EPAM Systems (NYSE:EPAM) has trended somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. EPAM Systems earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 44.9049545986111 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- EPAM Systems, Inc. (EPAM) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- EPAM Systems, Inc. (EPAM) Scheduled to Post Quarterly Earnings on Monday (americanbankingnews.com)
- EPAM Systems, Inc. (EPAM) Stock Rating Reaffirmed by KeyCorp (americanbankingnews.com)
- KeyBanc Believes Epam Systems Inc (NYSE: EPAM) Won’t Stop Here – Analyst Ratings (analystratings.com)
- Women Hold Only 16 Percent of Board Seats at Philadelphia Companies – Philadelphia magazine (phillymag.com)
EPAM has been the subject of several recent research reports. Bank of America Corporation initiated coverage on shares of EPAM Systems in a research note on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price objective for the company. UBS AG raised their price objective on shares of EPAM Systems from $89.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, August 4th. BidaskClub lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 16th. KeyCorp raised their price objective on shares of EPAM Systems from $90.00 to $94.00 and gave the company an “overweight” rating in a research note on Wednesday, September 13th. Finally, Cowen and Company reissued a “buy” rating and issued a $95.00 price objective on shares of EPAM Systems in a research note on Friday, September 1st. Fifteen equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $93.79.
EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. The firm had revenue of $348.98 million during the quarter, compared to analysts’ expectations of $342.00 million. EPAM Systems had a return on equity of 15.12% and a net margin of 8.71%. EPAM Systems’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS.
In other EPAM Systems news, CEO Arkadiy Dobkin sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $78.86, for a total value of $394,300.00. Following the transaction, the chief executive officer now directly owns 2,105,851 shares of the company’s stock, valued at approximately $166,067,409.86. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Elaina Shekhter sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total value of $45,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,000 shares of company stock worth $24,354,345. 6.17% of the stock is currently owned by corporate insiders.
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.
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