EPAM Systems Inc (EPAM) Given “Buy” Rating at KeyCorp

EPAM Systems Inc (NYSE:EPAM)‘s stock had its “buy” rating reissued by stock analysts at KeyCorp in a report released on Friday.

EPAM has been the topic of a number of other reports. Cowen and Company restated a “buy” rating and set a $95.00 price target on shares of EPAM Systems in a research report on Friday, September 1st. BidaskClub upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Bank of America Corporation assumed coverage on shares of EPAM Systems in a research report on Tuesday, September 12th. They set a “buy” rating and a $95.00 price target on the stock. Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Credit Suisse Group assumed coverage on shares of EPAM Systems in a research report on Tuesday, July 4th. They set an “outperform” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. EPAM Systems has an average rating of “Buy” and an average price target of $93.14.

EPAM Systems (NYSE EPAM) opened at 90.54 on Friday. The firm’s 50-day moving average is $86.59 and its 200 day moving average is $82.71. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 43.72 and a beta of 0.99. EPAM Systems has a 12 month low of $54.53 and a 12 month high of $91.23.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. EPAM Systems had a net margin of 10.71% and a return on equity of 17.08%. The company had revenue of $348.98 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the previous year, the firm earned $0.71 EPS. EPAM Systems’s revenue was up 23.0% on a year-over-year basis. Equities analysts predict that EPAM Systems will post $3.30 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “EPAM Systems Inc (EPAM) Given “Buy” Rating at KeyCorp” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/20/epam-systems-inc-epam-given-buy-rating-at-keycorp.html.

In other news, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total value of $45,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $90.92, for a total transaction of $1,363,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,025,851 shares in the company, valued at $184,190,372.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,000 shares of company stock worth $21,625,845. 6.17% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in shares of EPAM Systems in the second quarter worth approximately $101,000. Jacobi Capital Management LLC purchased a new position in shares of EPAM Systems in the second quarter worth approximately $119,000. PNC Financial Services Group Inc. increased its position in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 378 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 166 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after

EPAM has been the topic of a number of other reports. Cowen and Company restated a “buy” rating and set a $95.00 price target on shares of EPAM Systems in a research report on Friday, September 1st. BidaskClub upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Bank of America Corporation assumed coverage on shares of EPAM Systems in a research report on Tuesday, September 12th. They set a “buy” rating and a $95.00 price target on the stock. Zacks Investment Research downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Credit Suisse Group assumed coverage on shares of EPAM Systems in a research report on Tuesday, July 4th. They set an “outperform” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. EPAM Systems has an average rating of “Buy” and an average price target of $93.14.

EPAM Systems (NYSE EPAM) opened at 90.54 on Friday. The firm’s 50-day moving average is $86.59 and its 200 day moving average is $82.71. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 43.72 and a beta of 0.99. EPAM Systems has a 12 month low of $54.53 and a 12 month high of $91.23.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, August 3rd. The information technology services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. EPAM Systems had a net margin of 10.71% and a return on equity of 17.08%. The company had revenue of $348.98 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the previous year, the firm earned $0.71 EPS. EPAM Systems’s revenue was up 23.0% on a year-over-year basis. Equities analysts predict that EPAM Systems will post $3.30 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “EPAM Systems Inc (EPAM) Given “Buy” Rating at KeyCorp” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/20/epam-systems-inc-epam-given-buy-rating-at-keycorp.html.

In other news, SVP Elaina Shekhter sold 500 shares of EPAM Systems stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total value of $45,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arkadiy Dobkin sold 15,000 shares of EPAM Systems stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $90.92, for a total transaction of $1,363,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,025,851 shares in the company, valued at $184,190,372.92. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,000 shares of company stock worth $21,625,845. 6.17% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC purchased a new position in shares of EPAM Systems in the second quarter worth approximately $101,000. Jacobi Capital Management LLC purchased a new position in shares of EPAM Systems in the second quarter worth approximately $119,000. PNC Financial Services Group Inc. increased its position in shares of EPAM Systems by 34.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,462 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 378 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of EPAM Systems by 11.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,591 shares of the information technology services provider’s stock worth $134,000 after acquiring an additional 166 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of EPAM Systems by 1,762.5% in the second quarter. US Bancorp DE now owns 2,086 shares of the information technology services provider’s stock worth $175,000 after acquiring an additional 1,974 shares in the last quarter. 87.82% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

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