Somewhat Positive Media Coverage Somewhat Unlikely to Affect EPAM Systems (NYSE:EPAM) Stock Price

News articles about EPAM Systems (NYSE:EPAM) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern 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 media sentiment score of 0.21 on Accern’s scale. Accern also assigned media headlines about the information technology services provider an impact score of 47.1004925698211 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

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Shares of EPAM Systems stock traded down $2.98 during mid-day trading on Thursday, hitting $117.83. 56,161 shares of the stock traded hands, compared to its average volume of 310,872. The company has a quick ratio of 5.31, a current ratio of 5.31 and a debt-to-equity ratio of 0.03. EPAM Systems has a twelve month low of $71.92 and a twelve month high of $125.88. The company has a market capitalization of $6,319.70, a PE ratio of 92.22, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Friday, February 16th. The information technology services provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.82 by $0.01. EPAM Systems had a net margin of 5.02% and a return on equity of 16.52%. The business had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $395.78 million. During the same quarter last year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. equities research analysts expect that EPAM Systems will post 3.32 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $135.00 price target (up from $130.00) on shares of EPAM Systems in a report on Monday. ValuEngine downgraded EPAM Systems from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $130.00 price target (up from $118.00) on shares of EPAM Systems in a report on Friday, March 16th. Zacks Investment Research cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Cantor Fitzgerald upped their price objective on shares of EPAM Systems to $130.00 and gave the company an “overweight” rating in a research report on Monday, February 19th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $115.18.

In other news, Director Richard Michael Mayoras sold 2,500 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $114.72, for a total transaction of $286,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.17% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for EPAM Systems (NYSE:EPAM)

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