Inspire Investing LLC Purchases 10,830 Shares of EPAM Systems, Inc. $EPAM

Inspire Investing LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 127.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of EPAM Systems in the fourth quarter valued at about $218,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in EPAM Systems by 68.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,539 shares of the information technology services provider’s stock worth $1,611,000 after acquiring an additional 3,880 shares during the period. Goldman Sachs Group Inc. increased its position in EPAM Systems by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 335,150 shares of the information technology services provider’s stock worth $56,587,000 after acquiring an additional 117,170 shares during the period. United Services Automobile Association acquired a new stake in EPAM Systems in the 1st quarter worth about $229,000. Finally, Empowered Funds LLC boosted its holdings in EPAM Systems by 134.1% in the 1st quarter. Empowered Funds LLC now owns 2,254 shares of the information technology services provider’s stock valued at $381,000 after purchasing an additional 1,291 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

EPAM Systems Price Performance

Shares of NYSE:EPAM opened at $80.19 on Tuesday. The firm has a 50 day moving average of $100.05 and a 200-day moving average of $147.36. The stock 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, Inc. has a 12 month low of $73.06 and a 12 month high of $222.53.

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 (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.11. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. EPAM Systems had a net margin of 6.96% and a return on equity of 14.71%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $2.41 EPS. On average, equities research analysts predict that EPAM Systems, Inc. will post 10.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on EPAM shares. Truist Financial decreased their target price on shares of EPAM Systems from $146.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Susquehanna cut their price target on EPAM Systems from $199.00 to $167.00 and set a “positive” rating for the company in a research note on Monday, May 4th. Citigroup reissued a “cautious” rating on shares of EPAM Systems in a research report on Friday, May 29th. Morgan Stanley set a $112.00 price objective on EPAM Systems in a research note on Friday, May 8th. Finally, Weiss Ratings cut EPAM Systems from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, EPAM Systems presently has an average 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.