After Epam Systems announced its agreement to acquire First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry, Stifel noted this is the company’s second acquisition in five weeks. It appears management is “opportunistically accelerating” geographic diversification and bolstering certain practices during a period of weak industry fundamentals, says the analyst, who has a Buy rating and $225 price target on Epam shares.
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