Stock of EPAM Systems Inc. (EPAM) performance and profitability takes another direction

As of right now, EPAM Systems Inc. [EPAM] is trading at $379.34, up 7.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EPAM shares have gain 10.22% over the last week, with a monthly amount glided 14.46%, and seem to be holding up well over a long-time horizon.

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On 17, January 2023, EPAM Announces Date for Fourth Quarter 2022 Earnings Release and Conference Call. In a post published today on Yahoo Finance, EPAM Systems, Inc. (NYSE: EPAM) will host a conference call at 8:00 a.m. ET, on Thursday, February 16, 2023, to discuss its fourth quarter 2022 financial results. A news release containing these results will be issued before the call.

From an analyst’s perspective:

EPAM Systems Inc. [NYSE: EPAM] stock has seen the most recent analyst activity on January 05, 2023, when Wolfe Research downgraded its rating to a Peer Perform. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on September 13, 2022, and set its price target to $510. On May 16, 2022, upgrade upgraded it’s rating to Positive and revised its price target to $370 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $400 on May 06, 2022. Piper Sandler upgraded its rating to a Overweight and reduced its price target to $348 on May 02, 2022. Wolfe Research upgraded its rating to Outperform for this stock on April 11, 2022, but kept the price target unchanged to $390. In a note dated February 28, 2022, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $776 to $410.

Through the last year, EPAM Systems Inc.’s stock price ranged from $168.59 to $496.40. Currently, Wall Street analysts expect the stock to reach $418.07 within the next 12 months. EPAM Systems Inc. [NYSE: EPAM] shares were valued at $379.34 at the most recent close of the market. An investor can expect a potential return of 10.21% based on the average EPAM price forecast.

Analyzing the EPAM fundamentals

For EPAM Systems Inc., (EPAM), the latest quarter sales were 1.23 billion, which represents an 24.10% increase. Gross Margin for this corporation currently stands at +31.57% with Operating Margin at +14.48%, Pretax Margin comes in at +14.19%, and Net Margin reading is +12.82%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 366.34 points at the first support level, and at 353.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 386.29, and for the 2nd resistance point, it is at 393.24.

EPAM Systems Inc. [EPAM] reported earnings per share of $2.38 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.72/share, meaning a difference of $0.66 and a surprise factor of 38.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $2.49 per share as compared to estimates of $1.77 per share, a difference of $0.72 representing a surprise of 40.70%.

Ratios To Look Out For

It is important to note that EPAM Systems Inc. [NYSE:EPAM] has a current ratio of 3.50. Also, the Quick Ratio is 2.97, while the Cash Ratio stands at 1.90. Considering the valuation of this stock, the price to sales ratio is 10.51, the price to book ratio is 15.28 and the P/E (TTM) ratio is 55.24.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 1 insider buyings of 1,000 shares and 3 insider sellings of 1,072 shares. Recent insider trading involved Peterson Jason D., Chief Financial Officer, that happened on Nov 11 when 1000.0 shares were sold. SVP/Head of Global Delivery, Dvorkin Viktar completed a deal on Aug 22 to sell 13333.0 shares. Meanwhile, VP, Corporate Controller, PAO Abrahams Gary C sold 557.0 shares on Aug 18.