Cantor Fitzgerald Initiates Coverage on EPAM Systems Inc to Buy

Cantor Fitzgerald Initiates Coverage on EPAM Systems Inc(NYSE:EPAM). The shares have been rated Buy. The rating by Cantor Fitzgerald was issued on Apr 12, 2016.

In a different note, On Mar 7, 2016, Monness Crespi Hardt said it Downgrades its rating on EPAM Systems Inc. The shares have been rated ‘Hold’ by the firm. Cowen & Company said it Initiates Coverage on EPAM Systems Inc, according to a research note issued on Feb 19, 2016. The shares have been rated ‘Outperform’ by the firm. On Feb 11, 2016, Stifel Nicolaus said it Maintains its rating on EPAM Systems Inc. In the research note, the firm Lowers the price-target to $85.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 10, 2016, Barclays said it Maintains its rating on EPAM Systems Inc. In the research note, the firm Lowers the price-target to $77.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Feb 8, 2016, Monness Crespi Hardt said it Upgrades its rating on EPAM Systems Inc. The shares have been rated ‘Buy’ by the firm.

EPAM Systems Inc (EPAM) made into the market gainers list on Fridays trading session with the shares advancing 1.35% or 1.03 points. Due to strong positive momentum, the stock ended at $77.2, which is also near the day’s high of $77.38. The stock began the session at $76.2 and the volume stood at 4,30,225 shares. The 52-week high of the shares is $84.41 and the 52 week low is $54.88. The company has a current market capitalization of $3,889 M and it has 5,03,70,482 shares in outstanding.

EPAM Systems Inc(EPAM) last announced its earnings results on Feb 17, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $260.25M. Analysts had an estimated revenue of $250.03M. Earnings per share were $0.78. Analysts had estimated an EPS of $0.73.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Balazs Fejes (SVP/Co-Head of Global Business) sold 10,000 shares at $75.00 per share price.Also, On Mar 16, 2016, Richard Michael Mayoras (director) sold 1,410 shares at $70.56 per share price.On Nov 3, 2015, Anthony J Conte (Senior Vice President and CFO) sold 2,500 shares at $77.95 per share price, according to the Form-4 filing with the securities and exchange commission.

EPAM Systems Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. 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. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Company’s Enterprise Application Platforms develops technology and business application platforms and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Company’s Infrastructure Management Services covers the lifecycle of infrastructure management.

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