Epam Systems Inc Sentiment Worsening on Low Stock Potential

EPAM Systems, Inc. (NYSE:EPAM) Logo

Sentiment for Epam Systems Inc (NYSE:EPAM)

Epam Systems Inc (NYSE:EPAM) institutional sentiment decreased to 1.23 in Q2 2018. Its down -0.14, from 1.37 in 2018Q1. The ratio has dropped, as 144 funds increased or opened new positions, while 117 sold and decreased their positions in Epam Systems Inc. The funds in our partner’s database now have: 45.90 million shares, down from 46.12 million shares in 2018Q1. Also, the number of funds holding Epam Systems Inc in their top 10 positions increased from 9 to 12 for an increase of 3. Sold All: 26 Reduced: 91 Increased: 97 New Position: 47.

EPAM Systems, Inc. provides product development and software engineering solutions worldwide. The company has market cap of $6.87 billion. The firm offers software product development services, including product research, customer experience design and prototyping, program management, component design and integration, lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, and managed services, as well as porting and cross-platform migration. It has a 48.1 P/E ratio. It also provides custom application development services, such as business and technical requirement analysis, user experience design, solution architecture creation and validation, development, quality assurance and testing, legacy applications re-engineering/refactoring, porting, and cross-platform migration and documentation.

The stock decreased 2.36% or $3.08 during the last trading session, reaching $127.23. About 235,329 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 59.47% since December 6, 2017 and is uptrending. It has outperformed by 43.85% the S&P500.

Analysts await EPAM Systems, Inc. (NYSE:EPAM) to report earnings on February, 15. They expect $1.03 earnings per share, up 24.10 % or $0.20 from last year’s $0.83 per share. EPAM’s profit will be $55.63 million for 30.88 P/E if the $1.03 EPS becomes a reality. After $1.07 actual earnings per share reported by EPAM Systems, Inc. for the previous quarter, Wall Street now forecasts -3.74 % negative EPS growth.

Russia Partners Management Llc holds 100% of its portfolio in EPAM Systems, Inc. for 24,436 shares. Hartwell J M Limited Partnership owns 363,447 shares or 8.18% of their US portfolio. Moreover, Grandeur Peak Global Advisors Llc has 4.79% invested in the company for 375,775 shares. The United Kingdom-based Sloane Robinson Llp has invested 4.19% in the stock. Martin Currie Ltd, a United Kingdom-based fund reported 401,561 shares.

Since January 1, 0001, it had 0 buys, and 5 selling transactions for $7.21 million activity.

EPAM Systems, Inc. (NYSE:EPAM) Ratings Coverage

Ratings analysis reveals 67% of EPAM Systems’s analysts are positive. Out of 6 Wall Street analysts rating EPAM Systems, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $134 while the high is $157. The stock’s average target of $146.83 is 15.41% above today’s ($127.23) share price. EPAM was included in 7 notes of analysts from July 30, 2018. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, November 2. Bank of America downgraded the stock to “Neutral” rating in Tuesday, September 4 report. The rating was maintained by Citigroup with “Buy” on Friday, October 5. Cantor Fitzgerald maintained the stock with “Overweight” rating in Friday, November 2 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, July 30. The firm has “Overweight” rating given on Friday, November 2 by JP Morgan.

More notable recent EPAM Systems, Inc. (NYSE:EPAM) news were published by: Seekingalpha.com which released: “Luxoft Shares Oversold, Provide Good Return Potential – Seeking Alpha” on November 30, 2018, also Streetinsider.com with their article: “Fed up with Facebook, US fund managers look for alternatives – StreetInsider.com” published on December 06, 2018, Gurufocus.com published: “EPAM Recognized As A Top 10 Travel, Hospitality & Logistics Service Provider By HFS – GuruFocus.com” on November 26, 2018. More interesting news about EPAM Systems, Inc. (NYSE:EPAM) were released by: Globenewswire.com and their article: “Nine EPAM Experts Named Sitecore┬« Most Valuable Professionals – GlobeNewswire” published on February 01, 2018 as well as Globenewswire.com‘s news article titled: “EPAM Reports Results for First Quarter 2018 NYSE:EPAM – GlobeNewswire” with publication date: May 09, 2018.

EPAM Systems, Inc. (NYSE:EPAM) Institutional Positions Chart

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