Epam Systems (EPAM) Receives a Hold from Barclays

Barclays analyst Ramsey El Assal maintained a Hold rating on Epam Systems (EPAM – Research Report) today and set a price target of $265.00. The company’s shares closed yesterday at $237.13.

El Assal covers the Technology sector, focusing on stocks such as Fiserv, Fidelity National Info, and WEX. According to TipRanks, El Assal has an average return of 1.7% and a 54.12% success rate on recommended stocks.

Currently, the analyst consensus on Epam Systems is a Moderate Buy with an average price target of $315.13, representing a 32.89% upside. In a report released on April 22, Citi also maintained a Hold rating on the stock with a $275.00 price target.

Based on Epam Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.15 billion and a net profit of $97.2 million. In comparison, last year the company earned a revenue of $1.23 billion and had a net profit of $156.05 million

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EPAM in relation to earlier this year. Last month, Sergey Yezhkov, the SVP of EPAM sold 8,000.00 shares for a total of $2,416,320.00.

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Epam Systems (EPAM) Company Description:

EPAM Systems, Inc. engages in the provision of software product development and digital platform engineering services. The firm’s services include product research, customer experience design, and prototyping. It operates through the following segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.