Pacific Crest Initiates Coverage on EPAM Systems Inc to Overweight

Pacific Crest Initiates Coverage on EPAM Systems Inc(NYSE:EPAM). The shares have been rated Overweight. The rating by Pacific Crest was issued on Jul 12, 2016.

In a different note, On Jul 7, 2016, Barclays said it Maintains its rating on EPAM Systems Inc. In the research note, the firm Lowers the price-target to $85.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 27, 2016, Citigroup said it Maintains its rating on EPAM Systems Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Barclays said it Upgrades its rating on EPAM Systems Inc. In the research note, the firm Raises the price-target to $74.00 per share. The shares have been rated ‘Overweight’ by the firm. Berenberg said it Initiates Coverage on EPAM Systems Inc, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Buy’ by the firm.

EPAM Systems Inc (EPAM) made into the market gainers list on Fridays trading session with the shares advancing 0.48% or 0.33 points. Due to strong positive momentum, the stock ended at $68.61, which is also near the day’s high of $68.98. The stock began the session at $68.74 and the volume stood at 3,72,078 shares. The 52-week high of the shares is $84.41 and the 52 week low is $54.88. The company has a current market capitalization of $3,476 M and it has 5,06,68,313 shares in outstanding.

EPAM Systems Inc(EPAM) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $264.48M. Analysts had an estimated revenue of $258.25M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.72.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Balazs Fejes (SVP/Co-Head of Global Business) sold 5,000 shares at $75.23 per share price.Also, On May 16, 2016, Anthony J Conte (Senior Vice President and CFO) sold 5,000 shares at $71.20 per share price.On Mar 16, 2016, Richard Michael Mayoras (director) sold 1,410 shares at $70.56 per share price, according to the Form-4 filing with the securities and exchange commission.

EPAM Systems Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Company’s service offerings include Software Product Development Services Custom Application Development Services Application Testing Services Enterprise Application Platforms Application Maintenance and Support and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Company’s Enterprise Application Platforms develops technology and business application platforms and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Company’s Infrastructure Management Services covers the lifecycle of infrastructure management.

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