EPAM Systems (EPAM) Getting Somewhat Critical Media Coverage, Report Finds

News stories about EPAM Systems (NYSE:EPAM) have been trending somewhat negative this week, Alpha One reports. The research group, a service of Accern, rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. EPAM Systems earned a news impact score of -0.02 on Alpha One’s scale. Alpha One also gave news headlines about the information technology services provider an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have effected AlphaOne Sentiment’s rankings:

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

Shares of EPAM Systems (EPAM) traded up 1.16% during trading on Monday, hitting $83.56. The stock had a trading volume of 185,319 shares. EPAM Systems has a 12 month low of $54.53 and a 12 month high of $86.97. The stock has a 50-day moving average price of $81.89 and a 200 day moving average price of $72.47. The company has a market cap of $4.33 billion, a P/E ratio of 44.92 and a beta of 0.93.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, May 4th. The information technology services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.50 by $0.22. EPAM Systems had a return on equity of 11.70% and a net margin of 8.11%. The firm had revenue of $324.65 million during the quarter, compared to analysts’ expectations of $316.64 million. During the same quarter last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. Equities analysts expect that EPAM Systems will post $3.43 EPS for the current fiscal year.

EPAM has been the subject of several research analyst reports. Monness Crespi & Hardt lifted their price objective on shares of EPAM Systems from $82.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Wedbush lifted their price objective on shares of EPAM Systems from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Barclays PLC boosted their price target on shares of EPAM Systems from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, May 15th. Zacks Investment Research cut EPAM Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $78.00 price target on shares of EPAM Systems in a research report on Thursday, May 4th. Nine investment analysts have rated the stock with a buy rating, EPAM Systems currently has a consensus rating of “Buy” and a consensus target price of $86.25.

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In other EPAM Systems news, CEO Arkadiy Dobkin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $75.03, for a total transaction of $375,150.00. Following the completion of the sale, the chief executive officer now owns 2,172,379 shares of the company’s stock, valued at $162,993,596.37. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ginger Mosier sold 26,055 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $85.65, for a total value of $2,231,610.75. Following the transaction, the senior vice president now owns 12,733 shares of the company’s stock, valued at $1,090,581.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,164 shares of company stock valued at $8,437,796. Insiders own 6.17% of the company’s stock.

EPAM Systems Company Profile

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.

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