Cowen & Co. Kept Epam Systems Inc (NYSE:EPAM) As a “Buy”; They Now Have a PT Of $145.0000

May 18, 2018 - By Robert Crowder

EPAM Systems, Inc. (NYSE:EPAM) Logo

Investors sentiment decreased to 1.33 in Q4 2017. Its down 0.14, from 1.47 in 2017Q3. It fall, as 14 investors sold EPAM Systems, Inc. shares while 73 reduced holdings. 43 funds opened positions while 73 raised stakes. 45.48 million shares or 3.09% more from 44.11 million shares in 2017Q3 were reported.

Martingale Asset Mngmt Lp, Massachusetts-based fund reported 65,319 shares. Ent has 246 shares for 0.01% of their portfolio. State Board Of Administration Of Florida Retirement Sys reported 28,890 shares or 0.01% of all its holdings. Wasatch Advisors holds 0.77% in EPAM Systems, Inc. (NYSE:EPAM) or 540,739 shares. New York-based Stone Ridge Asset Mngmt Ltd has invested 0.08% in EPAM Systems, Inc. (NYSE:EPAM). Aperio Grp Ltd Liability Com holds 0% or 6,629 shares. Credit Suisse Ag reported 0.01% in EPAM Systems, Inc. (NYSE:EPAM). Neuberger Berman Group Limited Liability owns 3,059 shares for 0% of their portfolio. Citadel Advsr Limited holds 23,137 shares or 0% of its portfolio. Blackrock holds 0.02% in EPAM Systems, Inc. (NYSE:EPAM) or 3.34 million shares. Pnc Serv Gp reported 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Public Employees Retirement Association Of Colorado holds 4,060 shares or 0% of its portfolio. Canada Pension Plan Invest Board reported 1.01M shares. Oppenheimer Asset Mngmt has 0.01% invested in EPAM Systems, Inc. (NYSE:EPAM) for 4,354 shares. Moody Financial Bank Trust Division invested in 0.02% or 4,410 shares.

Since February 22, 2018, it had 0 buys, and 2 insider sales for $691,722 activity. Peterson Jason D. sold $404,922 worth of stock or 3,120 shares.

Epam Systems Inc (NYSE:EPAM) Rating Reaffirmed

In an analyst report shared with investors this morning, Cowen & Co. reconfirmed their “Buy” rating on Epam Systems Inc (NYSE:EPAM) shares. The target would indicate a possible upside of 15.42 % from company’s last stock close price.

EPAM Systems, Inc. (NYSE:EPAM) Ratings Coverage

Among 10 analysts covering EPAM Systems (NYSE:EPAM), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. EPAM Systems has $136 highest and $110 lowest target. $128.60’s average target is 2.36% above currents $125.63 stock price. EPAM Systems had 14 analyst reports since November 29, 2017 according to SRatingsIntel. The stock of EPAM Systems, Inc. (NYSE:EPAM) has “Buy” rating given on Friday, February 16 by Susquehanna. Needham maintained the shares of EPAM in report on Friday, February 16 with “Buy” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Monday, May 7. The company was maintained on Tuesday, February 20 by Stifel Nicolaus. On Wednesday, November 29 the stock rating was downgraded by UBS to “Neutral”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Tuesday, February 20 report. JP Morgan maintained EPAM Systems, Inc. (NYSE:EPAM) on Friday, March 16 with “Overweight” rating. Needham maintained the stock with “Buy” rating in Friday, March 16 report. Stifel Nicolaus maintained the shares of EPAM in report on Friday, February 16 with “Buy” rating. The stock of EPAM Systems, Inc. (NYSE:EPAM) earned “Hold” rating by Credit Suisse on Tuesday, February 20.

The stock increased 1.69% or $2.09 during the last trading session, reaching $125.63. About 270,117 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 53.58% since May 18, 2017 and is uptrending. It has outperformed by 42.03% the S&P500.

Analysts await EPAM Systems, Inc. (NYSE:EPAM) to report earnings on August, 2. They expect $0.79 earnings per share, up 23.44 % or $0.15 from last year’s $0.64 per share. EPAM’s profit will be $42.19M for 39.76 P/E if the $0.79 EPS becomes a reality. After $0.82 actual earnings per share reported by EPAM Systems, Inc. for the previous quarter, Wall Street now forecasts -3.66 % negative EPS growth.

EPAM Systems, Inc. provides product development and software engineering solutions worldwide. The company has market cap of $6.71 billion. The firm offers software product development services, including product research, customer experience design and prototyping, program management, component design and integration, lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, and managed services, as well as porting and cross-platform migration. It has a 95.17 P/E ratio. It also provides custom application development services, such as business and technical requirement analysis, user experience design, solution architecture creation and validation, development, quality assurance and testing, legacy applications re-engineering/refactoring, porting, and cross-platform migration and documentation.

More news for EPAM Systems, Inc. (NYSE:EPAM) were recently published by: Globenewswire.com, which released: “EPAM Reports Results for First Quarter 2018” on May 09, 2018. Seekingalpha.com‘s article titled: “EPAM Systems 2018 Q1 – Results – Earnings Call Slides” and published on May 09, 2018 is yet another important article.

EPAM Systems, Inc. (NYSE:EPAM) Institutional Positions Chart

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