29,689 Shares in EPAM Systems, Inc. $EPAM Acquired by Berger Financial Group Inc

Berger Financial Group Inc purchased a new stake in EPAM Systems, Inc. (NYSE:EPAM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,689 shares of the information technology services provider’s stock, valued at approximately $4,020,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of EPAM Systems by 59.4% in 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 acquiring an additional 1,371,557 shares in the last quarter. Ameriprise Financial Inc. raised its stake in EPAM Systems by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,662,843 shares of the information technology services provider’s stock worth $401,532,000 after purchasing an additional 596,760 shares in the last quarter. Boston Partners acquired a new stake in EPAM Systems in the 4th quarter worth about $349,428,000. JPMorgan Chase & Co. boosted its holdings in EPAM Systems by 56.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,147,930 shares of the information technology services provider’s stock valued at $235,188,000 after purchasing an additional 416,324 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in EPAM Systems by 1.3% in the 4th 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 purchasing an additional 13,768 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wall Street Zen cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Guggenheim cut their price target on EPAM Systems from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, May 4th. Mizuho increased their price target on EPAM Systems from $199.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Truist Financial dropped their price objective on EPAM Systems from $146.00 to $112.00 and set a “hold” rating for the company in a report on Friday, May 8th. Finally, Wedbush started coverage on EPAM Systems in a research report on Monday, June 15th. They set a “neutral” rating and a $99.00 target price for the company. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, EPAM Systems has an average rating of “Hold” and an average target price of $148.21.

EPAM Systems Stock Down 0.3%

Shares of NYSE EPAM opened at $88.00 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 0.81 and a beta of 1.43. EPAM Systems, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53. The stock has a 50-day moving average price of $96.38 and a two-hundred day moving average price of $144.29.

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, beating analysts’ consensus estimates 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 net margin of 6.96% and a return on equity of 14.71%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $2.41 EPS. As a group, analysts forecast that EPAM Systems, Inc. will post 10.42 earnings per share 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.