In yesterday’s Wall Street session, EPAM Systems Inc (NYSE:EPAM) shares traded at $245.79, down -1.16% from the previous session.
EPAM stock price is now 17.43% away from the 50-day moving average and 10.85% away from the 200-day moving average. The market capitalization of the company currently stands at $13.94B.
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With the price target enhanced from $245 to $275, Scotiabank Upgraded its rating from Sector Perform to Sector Outperform for EPAM Systems Inc (NYSE: EPAM). On November 08, 2024, Itau BBA Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $269, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Peterson Jason D., Chief Financial Officer sold 1,000 shares of the company’s stock on Nov 07 ’24. The stock was sold for $237,000 at an average price of $237.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 24,836 shares in the company, valued at $6.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Officer Peterson Jason D. bought 1,000 shares of the business’s stock. A total of $237,000 was incurred on buying the stock at an average price of $237.00. A total of 3.39% of the company’s stock is owned by insiders.
During the past 12 months, EPAM Systems Inc has had a low of $169.43 and a high of $317.50. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 4.56, and a quick ratio of 4.56. According to the stock market information, the enterprise value for the company is $12048874496, which is based on a 31.92 price-to-earnings ratio, a 3.63 price-to-earnings-growth ratio, and a beta of 1.50. The fifty day moving average price for EPAM is $208.3538 and a two-hundred day moving average price translates $221.8686 for the stock.
The latest earnings results from EPAM Systems Inc (NYSE: EPAM) was released for 2024-09-30. The net profit margin was 9.68% and return on equity was 13.10% for EPAM. The company reported revenue of $1.17 billion for the quarter, compared to $1.15 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.34 percent.
