Fifth Third Bancorp Acquires 6,371 Shares of EPAM Systems, Inc. $EPAM

Fifth Third Bancorp lifted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 209.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,409 shares of the information technology services provider’s stock after buying an additional 6,371 shares during the period. Fifth Third Bancorp’s holdings in EPAM Systems were worth $1,274,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of EPAM Systems in the 4th quarter valued at about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in EPAM Systems by 68.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after purchasing an additional 3,880 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of EPAM Systems by 53.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after buying an additional 117,170 shares during the period. United Services Automobile Association acquired a new stake in shares of EPAM Systems during the 1st quarter worth approximately $229,000. Finally, Empowered Funds LLC increased its stake in shares of EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after acquiring an additional 1,291 shares in the last quarter. 91.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EPAM. Guggenheim reduced their price target on shares of EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $85.00 price target on shares of EPAM Systems in a research note on Friday, July 10th. Jefferies Financial Group downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $130.00 to $110.00 in a report on Friday, May 29th. Morgan Stanley set a $112.00 price objective on shares of EPAM Systems in a research note on Friday, May 8th. Finally, Wedbush assumed coverage on shares of EPAM Systems in a report on Monday, June 15th. They issued a “neutral” rating and a $99.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, EPAM Systems has a consensus rating of “Hold” and an average price target of $134.36.

EPAM Systems Trading Up 4.4%

Shares of EPAM Systems stock opened at $89.94 on Friday. EPAM Systems, Inc. has a 1 year low of $73.06 and a 1 year high of $222.53. The stock has a fifty day moving average price of $90.89 and a 200-day moving average price of $131.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.67 and a quick ratio of 2.67. The firm has a market cap of $4.70 billion, a PE ratio of 12.90, a P/E/G ratio of 0.82 and a beta of 1.43.

EPAM Systems (NYSE:EPAM) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the business posted $2.41 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that EPAM Systems, Inc. will post 10.4 EPS for the current year.

About EPAM Systems

EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.

In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.