Were Analysts Bullish EPAM Systems Inc (NYSE:EPAM) This Week?

July 18, 2017 - By Clifton Ray

 Were Analysts Bullish EPAM Systems Inc (NYSE:EPAM) This Week?
Investors sentiment increased to 0.88 in Q4 2016. Its up 0.09, from 0.79 in 2016Q3. It improved, as 33 investors sold EPAM Systems Inc shares while 66 reduced holdings. 29 funds opened positions while 58 raised stakes. 45.48 million shares or 4.71% less from 47.73 million shares in 2016Q3 were reported.
80,291 are owned by Goldman Sachs Grp Inc. Legal & General Grp Public Limited accumulated 16,375 shares. Henderson Grp Incorporated Public Limited Co has invested 0.24% of its portfolio in EPAM Systems Inc (NYSE:EPAM). Pnc Financial Ser Gru holds 0% in EPAM Systems Inc (NYSE:EPAM) or 35 shares. Ig Investment Management holds 0.01% or 32,620 shares. Schroder Invest Mngmt Grp reported 154,001 shares. Gamble Jones Invest Counsel holds 23,671 shares. The France-based Axa has invested 0% in EPAM Systems Inc (NYSE:EPAM). Parametrica Mgmt holds 0.74% or 11,640 shares in its portfolio. Asset accumulated 7,239 shares. First Allied Advisory Serv owns 5,144 shares or 0.02% of their US portfolio. Savings Bank Of Montreal Can holds 0% of its portfolio in EPAM Systems Inc (NYSE:EPAM) for 735 shares. Metropolitan Life has 32,461 shares for 0.02% of their portfolio. Summit Creek Advsrs Lc reported 2.45% of its portfolio in EPAM Systems Inc (NYSE:EPAM). Aberdeen Asset Management Pcl Uk has 1.57M shares.

Since March 3, 2017, it had 0 insider purchases, and 9 insider sales for $8.87 million activity. $1.20M worth of EPAM Systems Inc (NYSE:EPAM) shares were sold by Dobkin Arkadiy. On Friday, May 12 the insider Shekhter Elaina sold $231,808. On Thursday, June 1 Mosier Ginger sold $2.23 million worth of EPAM Systems Inc (NYSE:EPAM) or 26,055 shares. 34,234 shares valued at $2.90M were sold by Fejes Balazs on Monday, June 5.

EPAM Systems Inc (NYSE:EPAM) Ratings Coverage

Among 13 analysts covering EPAM Systems (NYSE:EPAM), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. EPAM Systems had 22 analyst reports since August 6, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained it with “Buy” rating and $78 target in Friday, May 5 report. The firm earned “Buy” rating on Thursday, October 20 by Monness Crespi & Hardt. Citigroup maintained it with “Buy” rating and $85.50 target in Friday, May 27 report. Needham maintained it with “Buy” rating and $82 target in Friday, February 17 report. The rating was maintained by Wedbush with “Outperform” on Monday, May 8. Berenberg initiated the stock with “Buy” rating in Friday, April 15 report. The stock of EPAM Systems Inc (NYSE:EPAM) has “Buy” rating given on Thursday, November 19 by Needham. As per Thursday, November 19, the company rating was upgraded by Renaissance Capital. The stock of EPAM Systems Inc (NYSE:EPAM) has “Equal Weight” rating given on Tuesday, November 8 by Barclays Capital. The company was maintained on Tuesday, November 8 by Needham. Below is a list of EPAM Systems Inc (NYSE:EPAM) latest ratings and price target changes.

10/05/2017 Broker: Monness Crespi Rating: Buy Old Target: $82.00 New Target: $91.00 Maintain
08/05/2017 Broker: Wedbush Rating: Outperform Old Target: $82.00 New Target: $90.00 Maintain
05/05/2017 Broker: Cantor Fitzgerald Rating: Buy New Target: $78.00 Maintain
07/04/2017 Broker: Credit Suisse Rating: Outperform New Target: $90.00 Initiates Coverage On
09/03/2017 Broker: Monness Crespi Rating: Buy Old Target: $75.00 New Target: $82.00 Maintain
17/02/2017 Broker: Needham Rating: Buy Old Target: $75 New Target: $82 Maintain

It closed at $83.8 lastly. It is down 15.98% since July 18, 2016 and is uptrending. It has underperformed by 0.72% the S&P500.

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 has market cap of $4.32 billion. 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. It has a 45.37 P/E ratio. The Company’s service offerings include Software Product Development Services, Custom Application Development Services, Application Testing Services, Enterprise Application Platforms, Application Maintenance and Support, and Infrastructure Management Services.

More recent EPAM Systems Inc (NYSE:EPAM) news were published by: Nasdaq.com which released: “The Zacks Analyst Blog Highlights: Coherent, Broadcom, Red Hat, EPAM Systems …” on June 28, 2017. Also Globenewswire.com published the news titled: “EPAM and censhare Partner to Increase the Value of Digital Marketing Solutions …” on July 13, 2017. Globenewswire.com‘s news article titled: “EPAM Ranked #36 on CRN’s 2017 Solution Provider 500 List, Making the Top 50 …” with publication date: June 19, 2017 was also an interesting one.

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