( ) was the subject of a significant increase in short interest during April. On April 30, there were 1,120,000 short shares, an increase of 28.3% over the 873,100 total shares on April 15. The days-to-cover is 2.2 days based on an average volume of 500100 shares.
Changes in Analyst Ratings
Several analysts released reports on EPAM's shares. Barclays lowered their target price for EPAM Systems in a Sunday, 7th May research report from $380.00 down to $310.00. Stifel Nicolaus lowered their target price for EPAM Systems in a report published on May 2nd from $407.00 down to $350.00. In a report published on Thursday 16th March, EPAM Systems was covered. The company was given a rating of 'hold'. Needham & Company LLC increased their price target on EPAM Systems to $415.00 in a Friday, February 17th research report. They also gave the stock a buy' rating. Nine investment analysts gave the stock a buy or a hold rating. Four investment analysts rated it as a hold. On Friday, the stock fell $2.96 to $229.70. Stock of the company traded at 861,133 compared to 476,705 shares on average. The company's debt-to equity ratio is 0.01, its quick ratio is 3.69, and its current ratio is 4.15. EPAM Systems's 1 year low is $223.65, and its 1 year high is $462.99. The company has a 50-day moving price of $279.68, and a 200 day moving price of $318.22. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 1.64 and a beta of 1.56.
The last time ) released its quarterly earnings was on Thursday, 16th February. Information technology services provider, reported $2.71 in earnings per share for the quarter. This was $0.48 higher than the consensus estimate of the $2.23. EPAM Systems reported a return on capital of 19.60%, and a margin net of 8.88%. The company's revenue for the quarter was $1.23billion, which is higher than analysts' expectations. Analysts on the sell-side expect EPAM Systems to post 9.15 earnings for this fiscal year.
Institutional investors weigh in on EPAM Systems
EPAM shares have been bought and sold by several institutional investors in the last few months. Cetera Advisor Networks LLC increased its holdings of EPAM Systems in the first quarter by 36.0%. Cetera Advisor Networks LLC owns 842 of the stock valued at $250,000. This is after purchasing an additional 223 share during the previous quarter. Private Advisor Group LLC increased its position in EPAM Systems in the first quarter by 14.4%. Private Advisor Group LLC owns now 1,034 of the stock worth $307,000 owned by the information technology service provider after buying an additional 130 shares. Panagora Asset Management Inc. increased its position in EPAM Systems in the first quarter by 100.7%. Panagora Asset Management Inc. owns 2,413 of the stock of the provider of information technology services valued at $716,000, after buying an additional 1,211 during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in EPAM Systems in the first quarter by 6.6%. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owns 7,589 of the stock of the provider of information technology services valued at $2.251,000, after buying an additional 470 share during the period. Blair William & Co. IL increased its stake in EPAM Systems in the first quarter by 0.4%. Blair William & Co. IL owns 17,528 of the stock valued at $5.199,000, after adding 68 additional shares. Institutional investors and hedge fund currently own 92.29%.
EPAM Systems Company profile
EPAM Systems, Inc provides software product development services and digital platform engineering. It is divided into three geographical segments: North America and Europe. The company, headquartered in Newtown PA, was founded in 1993 by Leonid and Arkadiy Lozner.
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