Inspire Investing LLC Has $2.62 Million Holdings in EPAM Systems, Inc. $EPAM

Inspire Investing LLC raised its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 127.5% during the first quarter, HoldingsChannel.com reports. The fund owned 19,321 shares of the information technology services provider’s stock after purchasing an additional 10,830 shares during the period. Inspire Investing LLC’s holdings in EPAM Systems were worth $2,616,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in shares of EPAM Systems by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,074 shares of the information technology services provider’s stock valued at $439,000 after purchasing an additional 51 shares in the last quarter. Rothschild Investment LLC increased its position in EPAM Systems by 51.4% during the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 54 shares in the last quarter. Horizon Investments LLC lifted its stake in EPAM Systems by 6.4% in the 4th quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock valued at $190,000 after purchasing an additional 56 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in EPAM Systems by 34.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 232 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 60 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in EPAM Systems by 25.1% in the fourth quarter. CVA Family Office LLC now owns 309 shares of the information technology services provider’s stock valued at $63,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

EPAM Systems Stock Down 0.6%

Shares of EPAM opened at $80.19 on Tuesday. The stock’s 50-day moving average price is $100.05 and its two-hundred day moving average price is $147.36. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The company has a market capitalization of $4.19 billion, a PE ratio of 11.50, a PEG ratio of 0.74 and a beta of 1.41. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.11. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm posted $2.41 earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. On average, analysts anticipate that EPAM Systems, Inc. will post 10.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EPAM shares. Susquehanna decreased their target price on shares of EPAM Systems from $199.00 to $167.00 and set a “positive” rating on the stock in a research note on Monday, May 4th. Mizuho raised their price objective on EPAM Systems from $199.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Wedbush started coverage on EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 price objective on the stock. Guggenheim lowered their target price on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 4th. Finally, Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, EPAM Systems currently has a consensus rating of “Hold” and a consensus price target of $148.21.

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.