180 Wealth Advisors LLC Buys 145 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Posted by on Jun 21st, 2023

180 Wealth Advisors LLC boosted its stake in shares of EPAM Systems, Inc. (NYSE:EPAM – Get Rating) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 734 shares of the information technology services provider’s stock after purchasing an additional 145 shares during the period. 180 Wealth Advisors LLC’s holdings in EPAM Systems were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EPAM. Alliancebernstein L.P. raised its position in EPAM Systems by 24.2% in the fourth quarter. Alliancebernstein L.P. now owns 3,489,287 shares of the information technology services provider’s stock worth $1,143,579,000 after acquiring an additional 679,114 shares during the period. Norges Bank bought a new position in EPAM Systems in the fourth quarter worth approximately $181,396,000. Bank of America Corp DE raised its position in EPAM Systems by 106.2% in the fourth quarter. Bank of America Corp DE now owns 673,046 shares of the information technology services provider’s stock worth $220,584,000 after acquiring an additional 346,654 shares during the period. State Street Corp raised its position in EPAM Systems by 9.1% in the first quarter. State Street Corp now owns 2,471,924 shares of the information technology services provider’s stock worth $733,197,000 after acquiring an additional 206,636 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in EPAM Systems in the third quarter worth approximately $50,862,000. Institutional investors own 91.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EPAM shares. Morgan Stanley downgraded shares of EPAM Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $350.00 to $220.00 in a research report on Thursday, June 8th. Piper Sandler downgraded shares of EPAM Systems from an “overweight” rating to a “neutral” rating in a research report on Monday, June 5th. Citigroup downgraded shares of EPAM Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $310.00 to $220.00 in a research report on Tuesday, June 6th. StockNews.com started coverage on shares of EPAM Systems in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their price objective on shares of EPAM Systems from $320.00 to $240.00 in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, EPAM Systems presently has a consensus rating of “Hold” and a consensus price target of $337.50.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $219.17 on Wednesday. EPAM Systems, Inc. has a 52 week low of $197.99 and a 52 week high of $462.99. The stock has a market capitalization of $12.69 billion, a P/E ratio of 30.06, a PEG ratio of 6.31 and a beta of 1.57. The firm has a fifty day simple moving average of $251.50 and a two-hundred day simple moving average of $297.91. The company has a quick ratio of 4.15, a current ratio of 4.15 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM – Get Rating) last issued its quarterly earnings data on Friday, May 5th. The information technology services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.08. EPAM Systems had a net margin of 8.88% and a return on equity of 19.60%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. On average, analysts expect that EPAM Systems, Inc. will post 7.92 earnings per share for the current fiscal year.

EPAM Systems Company Profile

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EPAM Systems, Inc engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.

See Also

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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