William Blair Believes Epam Systems (NYSE: EPAM) Still Has Room to Grow

By Austin Angelo

William Blair analyst Maggie Nolan maintained a Buy rating on Epam Systems (EPAMResearch Report) on June 1. The company’s shares closed last Monday at $558.40, close to its 52-week high of $565.32.

According to TipRanks.com, Nolan is a 4-star analyst with an average return of 33.1% and a 85.0% success rate. Nolan covers the Technology sector, focusing on stocks such as Globant SA, Accenture, and Infosys.

Epam Systems has an analyst consensus of Strong Buy, with a price target consensus of $535.36, which is a -5.0% downside from current levels. In a report issued on July 14, Citigroup also maintained a Buy rating on the stock with a $620.00 price target.

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The company has a one-year high of $565.32 and a one-year low of $286.90. Currently, Epam Systems has an average volume of 294.4K.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EPAM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

EPAM Systems, Inc. engages in the provision of software product development and digital platform engineering services. The firm’s services include product research, customer experience design, and prototyping. It operates through the following segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.