Media headlines about EPAM Systems (NYSE:EPAM) have been trending somewhat negative recently, AlphaOne reports. The research firm, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. EPAM Systems earned a news impact score of -0.09 on AlphaOne’s scale. AlphaOne also gave news articles about the information technology services provider an impact score of 78 out of 100, meaning that recent news coverage is likely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Alpha One Sentiment’s scoring:
Several research analysts have recently weighed in on EPAM shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $78.00 target price on shares of EPAM Systems in a research note on Thursday, May 4th. Wedbush increased their price objective on EPAM Systems from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Barclays PLC reissued an “overweight” rating and issued a $84.00 price objective (up from $80.00) on shares of EPAM Systems in a research note on Friday, May 5th. Needham & Company LLC increased their price objective on EPAM Systems from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Finally, Zacks Investment Research downgraded EPAM Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Nine research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of $86.25. Shares of EPAM Systems (NYSE EPAM) opened at 84.74 on Tuesday. EPAM Systems has a one year low of $54.53 and a one year high of $86.97. The firm has a 50-day moving average price of $80.31 and a 200 day moving average price of $71.52. The stock has a market capitalization of $4.39 billion, a PE ratio of 45.56 and a beta of 1.22.
EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.22. The company had revenue of $324.65 million for the quarter, compared to the consensus estimate of $316.64 million. EPAM Systems had a return on equity of 12.66% and a net margin of 9.23%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. On average, equities analysts expect that EPAM Systems will post $3.43 EPS for the current fiscal year. In other EPAM Systems news, SVP Balazs Fejes sold 34,234 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $84.76, for a total transaction of $2,901,673.84. Following the completion of the transaction, the senior vice president now owns 48,467 shares in the company, valued at $4,108,062.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ginger Mosier sold 26,055 shares of EPAM Systems stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $85.65, for a total transaction of $2,231,610.75. Following the completion of the transaction, the senior vice president now owns 12,733 shares of the company’s stock, valued at approximately $1,090,581.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,164 shares of company stock worth $8,437,796. 5.98% of the stock is owned by company insiders.
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