EPAM Systems, Inc. (NYSE:EPAM – Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,170,000 shares, a growth of 45.9% from the May 15th total of 801,800 shares. Based on an average daily trading volume, of 678,700 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.1% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on EPAM shares. Citigroup cut their price target on shares of EPAM Systems from $325.00 to $275.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Needham & Company LLC cut their price objective on EPAM Systems from $350.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wedbush reissued an “outperform” rating and set a $340.00 target price on shares of EPAM Systems in a research report on Wednesday, April 10th. TD Cowen dropped their price target on shares of EPAM Systems from $282.00 to $203.00 and set a “hold” rating on the stock in a research report on Friday, May 10th. Finally, Piper Sandler decreased their price objective on shares of EPAM Systems from $252.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $276.35.
Get Our Latest Analysis on EPAM
Institutional Trading of EPAM Systems
EPAM Systems Stock Down 0.2 %
Shares of EPAM stock traded down $0.38 during trading hours on Friday, reaching $177.58. The company had a trading volume of 674,327 shares, compared to its average volume of 671,785. The business has a fifty day simple moving average of $212.83 and a 200-day simple moving average of $262.94. EPAM Systems has a 12 month low of $172.95 and a 12 month high of $317.50. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 4.11 and a beta of 1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.68 and a quick ratio of 4.68.
EPAM Systems (NYSE:EPAM – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. On average, research analysts expect that EPAM Systems will post 7.81 earnings per share for the current fiscal year.
About EPAM Systems
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.
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