Fifth Third Bancorp Raises Stock Holdings in EPAM Systems, Inc. $EPAM

Fifth Third Bancorp raised its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 209.7% in the 1st quarter, HoldingsChannel reports. The firm owned 9,409 shares of the information technology services provider’s stock after purchasing an additional 6,371 shares during the period. Fifth Third Bancorp’s holdings in EPAM Systems were worth $1,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in EPAM. Capital World Investors raised its position in EPAM Systems by 59.4% during the fourth quarter. Capital World Investors now owns 3,679,590 shares of the information technology services provider’s stock valued at $753,874,000 after purchasing an additional 1,371,557 shares in the last quarter. Boston Partners bought a new stake in EPAM Systems in the 4th quarter worth approximately $349,428,000. JPMorgan Chase & Co. boosted its stake in EPAM Systems by 56.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock worth $235,188,000 after buying an additional 416,324 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in EPAM Systems by 1.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,072,937 shares of the information technology services provider’s stock valued at $219,823,000 after acquiring an additional 13,768 shares during the last quarter. Finally, Brandes Investment Partners LP grew its holdings in shares of EPAM Systems by 19.6% during the 4th quarter. Brandes Investment Partners LP now owns 983,830 shares of the information technology services provider’s stock valued at $201,570,000 after purchasing an additional 161,280 shares during the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EPAM shares. Wells Fargo & Company cut their price target on shares of EPAM Systems from $151.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, July 10th. The Goldman Sachs Group downgraded EPAM Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $215.00 to $110.00 in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $85.00 target price on shares of EPAM Systems in a report on Friday, July 10th. Needham & Company LLC lowered their price objective on shares of EPAM Systems from $175.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, Wedbush initiated coverage on EPAM Systems in a report on Monday, June 15th. They set a “neutral” rating and a $99.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, EPAM Systems presently has a consensus rating of “Hold” and an average target price of $134.36.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $89.94 on Friday. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The company’s fifty day moving average price is $90.89 and its 200-day moving average price is $131.65. The stock has a market cap of $4.70 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.82 and a beta of 1.43. 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 posted its quarterly earnings results on Wednesday, May 6th. The information technology services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.11. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. EPAM Systems had a return on equity of 14.71% and a net margin of 6.96%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.41 EPS. On average, equities analysts expect that EPAM Systems, Inc. will post 10.4 EPS for the current fiscal 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.