EPAM Systems, Inc. (NYSE:EPAM)‘s stock had its “buy” rating restated by investment analysts at KeyCorp in a report released on Sunday. They currently have a $100.00 price target on the information technology services provider’s stock. KeyCorp’s price objective would suggest a potential upside of 0.33% from the company’s current price.

EPAM has been the subject of several other research reports. Cowen and Company reissued a “buy” rating and issued a $95.00 target price on shares of EPAM Systems in a research note on Friday, September 1st. BidaskClub raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Bank of America Corporation assumed coverage on EPAM Systems in a report on Tuesday, September 12th. They issued a “buy” rating and a $95.00 price target for the company. Zacks Investment Research cut EPAM Systems from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Credit Suisse Group assumed coverage on EPAM Systems in a report on Tuesday, July 4th. They issued an “outperform” rating and a $90.00 price target for the company. Fifteen analysts have rated the stock with a buy rating, EPAM Systems presently has a consensus rating of “Buy” and a consensus price target of $96.86.

EPAM Systems (NYSE EPAM) traded up $9.06 during trading hours on Friday, hitting $99.67. The stock had a trading volume of 391,254 shares, compared to its average volume of 264,660. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 39.19 and a beta of 0.95.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings results on Thursday, November 2nd. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. EPAM Systems had a return on equity of 16.35% and a net margin of 9.41%. The business had revenue of $377.50 million during the quarter, compared to the consensus estimate of $368.22 million. During the same quarter in the previous year, the company posted $0.76 EPS. The business’s revenue was up 26.6% on a year-over-year basis. research analysts predict that EPAM Systems will post 2.55 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “EPAM Systems, Inc. (EPAM) Rating Reiterated by KeyCorp” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/29/epam-systems-inc-epam-stock-rating-reaffirmed-by-keycorp.html.

In other EPAM Systems news, CEO Arkadiy Dobkin sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $90.81, for a total value of $1,362,150.00. Following the transaction, the chief executive officer now directly owns 1,995,851 shares of the company’s stock, valued at approximately $181,243,229.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Elaina Shekhter sold 500 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $90.00, for a total value of $45,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,000 shares of company stock valued at $24,354,345. 6.17% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in shares of EPAM Systems by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 6,528 shares of the information technology services provider’s stock valued at $549,000 after acquiring an additional 17 shares in the last quarter. Renaissance Group LLC raised its position in shares of EPAM Systems by 0.6% during the 2nd quarter. Renaissance Group LLC now owns 3,819 shares of the information technology services provider’s stock valued at $321,000 after acquiring an additional 21 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of EPAM Systems by 0.9% during the 2nd quarter. D.A. Davidson & CO. now owns 4,361 shares of the information technology services provider’s stock valued at $366,000 after acquiring an additional 39 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of EPAM Systems by 1.1% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,624 shares of the information technology services provider’s stock valued at $557,000 after acquiring an additional 70 shares in the last quarter. Finally, CS Mckee LP raised its position in shares of EPAM Systems by 0.6% during the 2nd quarter. CS Mckee LP now owns 17,850 shares of the information technology services provider’s stock valued at $1,501,000 after acquiring an additional 100 shares in the last quarter. 87.89% of the stock is currently owned by institutional investors and hedge funds.

EPAM Systems Company Profile

EPAM Systems, Inc is a g provider of software product development and digital platform engineering services to clients located primarily in North America, Europe, Asia and Australia. The Company’s service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services and from complex software development services to maintenance, support, custom application development, application testing, and infrastructure management.

Analyst Recommendations for EPAM Systems (NYSE:EPAM)

Receive News & Ratings for EPAM Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EPAM Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.