EPAM Systems, Inc. $EPAM Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in EPAM Systems, Inc. (NYSE:EPAM) by 85.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,107 shares of the information technology services provider’s stock after purchasing an additional 3,275 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in EPAM Systems were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Invesco Ltd. boosted its stake in shares of EPAM Systems by 37.1% in the first quarter. Invesco Ltd. now owns 3,569,498 shares of the information technology services provider’s stock valued at $602,674,000 after buying an additional 965,089 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of EPAM Systems by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 2,270,561 shares of the information technology services provider’s stock valued at $383,267,000 after buying an additional 89,418 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of EPAM Systems by 98.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,628,304 shares of the information technology services provider’s stock valued at $274,923,000 after buying an additional 809,423 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of EPAM Systems in the first quarter valued at approximately $186,280,000. Finally, Alyeska Investment Group L.P. boosted its stake in shares of EPAM Systems by 2,332.9% in the first quarter. Alyeska Investment Group L.P. now owns 729,877 shares of the information technology services provider’s stock valued at $123,232,000 after buying an additional 699,877 shares in the last quarter. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

NYSE EPAM opened at $150.65 on Wednesday. The business’s 50-day moving average price is $161.76 and its 200 day moving average price is $166.43. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a market capitalization of $8.39 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.25 and a beta of 1.66. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.61 by $0.16. EPAM Systems had a return on equity of 14.00% and a net margin of 7.91%.The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business earned $2.45 EPS. The firm’s revenue was up 18.0% on a year-over-year basis. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. On average, research analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EPAM. JPMorgan Chase & Co. decreased their price target on EPAM Systems from $205.00 to $201.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 20th. Wall Street Zen downgraded EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Morgan Stanley decreased their price target on EPAM Systems from $210.00 to $175.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 9th. Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating in a research report on Monday, August 18th. Finally, TD Cowen upgraded EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research report on Monday, August 18th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, EPAM Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.06.

EPAM Systems Company Profile

EPAM Systems, Inc provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, performance tuning, deployment, maintenance, and support services.