3,152 Shares in EPAM Systems, Inc. (NYSE:EPAM) Bought by Moran Wealth Management LLC

Moran Wealth Management LLC acquired a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,152 shares of the information technology services provider's stock, valued at approximately $532,000.

Several other large investors have also recently added to or reduced their stakes in EPAM. American Century Companies Inc. increased its holdings in shares of EPAM Systems by 35.8% during the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after purchasing an additional 5,435 shares during the period. SG Americas Securities LLC grew its position in EPAM Systems by 518.9% during the first quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after buying an additional 5,827 shares in the last quarter. Fifth Third Bancorp increased its stake in EPAM Systems by 6.1% during the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after acquiring an additional 91 shares during the period. DnB Asset Management AS raised its holdings in EPAM Systems by 26.4% in the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock valued at $2,629,000 after acquiring an additional 2,349 shares in the last quarter. Finally, CX Institutional bought a new stake in shares of EPAM Systems during the 1st quarter valued at $42,000. Institutional investors own 91.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EPAM. Scotiabank decreased their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Needham & Company LLC boosted their target price on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Barclays increased their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Piper Sandler raised their target price on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, EPAM Systems has an average rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Price Performance

EPAM stock traded up $0.90 during midday trading on Friday, reaching $174.90. 972,227 shares of the stock were exchanged, compared to its average volume of 685,317. The company has a fifty day moving average price of $171.08 and a 200 day moving average price of $198.39. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The stock has a market capitalization of $9.91 billion, a PE ratio of 24.46, a P/E/G ratio of 2.30 and a beta of 1.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.06 and a quick ratio of 3.06.

EPAM Systems (NYSE:EPAM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $2.46 EPS. The firm's quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

About EPAM Systems

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.