EPAM Systems Inc (NYSE:EPAM) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 823,320 shares, a growth of 62.9% from the October 31st total of 505,414 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 429,319 shares, the days-to-cover ratio is presently 1.9 days.
Shares of EPAM Systems stock opened at $127.91 on Friday. EPAM Systems has a 1 year low of $97.78 and a 1 year high of $144.19. The firm has a market cap of $7.04 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.02.
EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, November 1st. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.33. EPAM Systems had a return on equity of 19.19% and a net margin of 8.60%. The firm had revenue of $468.20 million during the quarter, compared to analyst estimates of $466.97 million. During the same period last year, the firm posted $0.92 EPS. The business’s revenue was up 24.0% compared to the same quarter last year. Equities analysts expect that EPAM Systems will post 3.43 earnings per share for the current fiscal year.
EPAM has been the subject of a number of analyst reports. Citigroup increased their price target on EPAM Systems from $142.00 to $153.00 and gave the company a “buy” rating in a research report on Friday, October 5th. JPMorgan Chase & Co. increased their price target on EPAM Systems from $152.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. KeyCorp lowered their price target on EPAM Systems from $146.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, November 2nd. Bank of America lowered EPAM Systems from a “buy” rating to a “neutral” rating and increased their price target for the company from $134.00 to $147.00 in a research report on Tuesday, September 4th. Finally, Jefferies Financial Group initiated coverage on EPAM Systems in a research report on Tuesday, November 20th. They issued a “hold” rating and a $134.00 price target for the company. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $142.60.
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About EPAM Systems
EPAM Systems, Inc provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia. It offers software product development services, including product research, customer experience design, prototyping, program management, component design and integration, lifecycle software testing, product deployment, end-user customization, performance tuning, product support and maintenance, managed services, and porting and cross-platform migration.
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