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Research analysts at Monness Crespi & Hardt assumed coverage on shares of EPAM Systems (NASDAQ:EPAM) in a research note issued on Monday. The firm set a “sell” rating and a $34.00 price target on the stock. Monness Crespi & Hardt’s price objective would suggest a potential downside of 17.07% from the stock’s previous close.

EPAM Systems (NASDAQ:EPAM) opened at 41.00 on Monday. EPAM Systems has a 1-year low of $29.44 and a 1-year high of $46.70. The stock’s 50-day moving average is $39.97 and its 200-day moving average is $38.39. The company has a market cap of $1.949 billion and a price-to-earnings ratio of 29.82.

EPAM Systems (NASDAQ:EPAM) last released its earnings data on Monday, August 4th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 31.2% on a year-over-year basis. Analysts expect that EPAM Systems will post $2.07 earnings per share for the current fiscal year.

In other EPAM Systems news, CFO Anthony J. Conte sold 5,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $40.82, for a total transaction of $204,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Separately, 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. EPAM Systems presently has an average rating of “Buy” and an average target price of $43.00.

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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