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EPAM Systems Inc (NASDAQ:EPAM) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.53-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.51, Stock Ratings Network.com reports. The company issued revenue guidance of $188-190 million, compared to the consensus revenue estimate of $178.71 million.

On a related note, analysts at Barclays raised their price target on shares of EPAM Systems from $38.00 to $41.00 in a research note on Friday, June 6th. They now have an equal weight rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. EPAM Systems currently has an average rating of Buy and an average target price of $45.25.

Shares of EPAM Systems Inc (NASDAQ:EPAM) traded up 3.21% on Monday, hitting $39.24. The stock had a trading volume of 287,613 shares. EPAM Systems Inc has a 52-week low of $28.50 and a 52-week high of $46.70. The stock’s 50-day moving average is $41.01 and its 200-day moving average is $38.28. The company has a market cap of $1.844 billion and a P/E ratio of 27.98.

EPAM Systems (NASDAQ:EPAM) last released its earnings data on Monday, August 4th. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.05. The company had revenue of $174.70 million for the quarter, compared to the consensus estimate of $169.52 million. During the same quarter last year, the company posted $0.40 earnings per share. EPAM Systems’s revenue was up 31.2% compared to the same quarter last year. Analysts expect that EPAM Systems Inc will post $1.98 EPS for the current fiscal year.

EPAM Systems, Inc (NASDAQ:EPAM) is a global information technology (IT) services provider focused on software product development services, software engineering and vertically-oriented custom development solutions.

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