Fintel reports that on April 26, 2024, Morgan Stanley upgraded their outlook for EPAM Systems (NYSE:EPAM) from Underweight to Equal-Weight.

Analyst Price Forecast Suggests 37.52% Upside

As of April 18, 2024, the average one-year price target for EPAM Systems is 326.10. The forecasts range from a low of 238.36 to a high of $387.45. The average price target represents an increase of 37.52% from its latest reported closing price of 237.13.

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The projected annual revenue for EPAM Systems is 7,067MM, an increase of 50.66%. The projected annual non-GAAP EPS is 15.65.

What is the Fund Sentiment?

There are 1,226 funds or institutions reporting positions in EPAM Systems. This is an increase of 51 owner(s) or 4.34% in the last quarter. Average portfolio weight of all funds dedicated to EPAM is 0.20%, an increase of 1.53%. Total shares owned by institutions increased in the last three months by 0.34% to 65,876K shares. The put/call ratio of EPAM is 0.84, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital Research Global Investors holds 7,699K shares representing 13.29% ownership of the company. In its prior filing, the firm reported owning 7,648K shares , representing an increase of 0.67%. The firm increased its portfolio allocation in EPAM by 4.59% over the last quarter.

Wcm Investment Management holds 2,452K shares representing 4.23% ownership of the company. In its prior filing, the firm reported owning 2,502K shares , representing a decrease of 2.06%. The firm decreased its portfolio allocation in EPAM by 22.16% over the last quarter.

CWGIX - CAPITAL WORLD GROWTH & INCOME FUND holds 2,028K shares representing 3.50% ownership of the company. In its prior filing, the firm reported owning 2,346K shares , representing a decrease of 15.67%. The firm decreased its portfolio allocation in EPAM by 5.83% over the last quarter.

AIVSX - INVESTMENT CO OF AMERICA holds 1,868K shares representing 3.23% ownership of the company. No change in the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,815K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 1,811K shares , representing an increase of 0.20%. The firm increased its portfolio allocation in EPAM by 4.13% over the last quarter.

EPAM Systems Background Information
(This description is provided by the company.)

Since 1993, EPAM Systems, Inc. has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM's global teams serve customers in more than 35 countries across North America, Europe, Asia and Australia. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and ranked as the top IT services company on Fortune's 100 Fastest-Growing Companies list of 2019 and 2020.