EPAM Systems, Inc. (NYSE:EPAM) Forecasted to Post Q3 2022 Earnings of $2.10 Per Share

EPAM Systems, Inc. (NYSE:EPAMGet Rating) – Stock analysts at Jefferies Financial Group upped their Q3 2022 earnings per share estimates for shares of EPAM Systems in a research note issued on Wednesday, September 14th. Jefferies Financial Group analyst S. Thind now forecasts that the information technology services provider will post earnings of $2.10 per share for the quarter, up from their previous estimate of $1.51. The consensus estimate for EPAM Systems’ current full-year earnings is $8.57 per share. Jefferies Financial Group also issued estimates for EPAM Systems’ Q4 2022 earnings at $2.25 EPS and FY2022 earnings at $8.79 EPS.

EPAM has been the topic of a number of other research reports. Piper Sandler upped their target price on EPAM Systems from $381.00 to $460.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Cowen upped their target price on EPAM Systems from $400.00 to $440.00 in a report on Friday, August 5th. Wedbush upped their target price on EPAM Systems from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, June 6th. Susquehanna dropped their target price on EPAM Systems from $496.00 to $475.00 and set a “positive” rating on the stock in a report on Friday. Finally, Citigroup upped their target price on EPAM Systems to $520.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $473.33.

EPAM Systems Price Performance

Shares of EPAM opened at $402.07 on Monday. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 64.95, a P/E/G ratio of 2.38 and a beta of 1.67. EPAM Systems has a fifty-two week low of $168.59 and a fifty-two week high of $725.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.45 and a quick ratio of 3.45. The business’s 50-day moving average is $392.13 and its 200-day moving average is $328.95.

EPAM Systems (NYSE:EPAMGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The information technology services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.67. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.12 billion. EPAM Systems had a return on equity of 21.72% and a net margin of 8.21%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.90 EPS.

Institutional Investors Weigh In On EPAM Systems

Hedge funds have recently modified their holdings of the business. FinTrust Capital Advisors LLC boosted its position in shares of EPAM Systems by 466.7% in the first quarter. FinTrust Capital Advisors LLC now owns 85 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 70 shares during the period. Zions Bancorporation N.A. boosted its position in shares of EPAM Systems by 443.8% in the second quarter. Zions Bancorporation N.A. now owns 87 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Sterling Investment Advisors Ltd. boosted its position in shares of EPAM Systems by 3,333.3% in the second quarter. Sterling Investment Advisors Ltd. now owns 103 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Riverview Trust Co bought a new stake in shares of EPAM Systems in the first quarter valued at approximately $31,000. Finally, Lindbrook Capital LLC boosted its position in shares of EPAM Systems by 59.7% in the second quarter. Lindbrook Capital LLC now owns 115 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 43 shares during the period. 90.90% of the stock is owned by institutional investors.

Insider Activity at EPAM Systems

In other EPAM Systems news, EVP Balazs Fejes sold 47,811 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $423.30, for a total transaction of $20,238,396.30. Following the completion of the sale, the executive vice president now owns 12,972 shares of the company’s stock, valued at $5,491,047.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EPAM Systems news, CFO Jason D. Peterson sold 1,662 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $424.74, for a total transaction of $705,917.88. Following the completion of the sale, the chief financial officer now owns 11,762 shares of the company’s stock, valued at $4,995,791.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Balazs Fejes sold 47,811 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $423.30, for a total value of $20,238,396.30. Following the completion of the sale, the executive vice president now directly owns 12,972 shares of the company’s stock, valued at $5,491,047.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,527 shares of company stock valued at $28,901,058. 4.10% of the stock is owned by corporate insiders.

EPAM Systems Company Profile

(Get Rating)

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, 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.

See Also

Receive News & Ratings for EPAM Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems and related companies with MarketBeat.com's FREE daily email newsletter.