Epam Systems Inc. Receives a Buy from BarclaysBy Jason Carr
According to TipRanks.com, Peller is a 5-star analyst with an average return of 11.0% and a 69.1% success rate. Peller covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Fidelity National Info, and Computer Sciences.
Currently, the analyst consensus on Epam Systems Inc. is Strong Buy and the average price target is $76, representing a 26.4% upside.
In a report released today, Cantor Fitzgerald also reiterated a Buy rating on the stock with a $68 price target.
Based on Epam Systems Inc.’s latest earnings report from June 30, the company posted quarterly revenue of $283.8M and quarterly net profit of $24.43M. In comparison, last year the company earned revenue of $236M and had a net profit of $22.87M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Anthony Conte, the SVP & CFO of EPAM sold 1,200 shares for a total of $79,800.
EPAM Systems, Inc. provides software product engineering, technology consulting and digital expertise to clients. It focuses on partnerships with clients in industries such as software and high technology, financial services, media and entertainment, travel and hospitality, retail, energy, life sciences, healthcare, telecommunications, and government. Its services includes: software product development, custom application development, application testing, enterprise application platforms, application maintenance and support, and infrastructure management. EPAM Systems was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.