Fintel reports that on November 11, 2024, Scotiabank upgraded their outlook for EPAM Systems (NYSE:EPAM) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 7.01% Downside
As of October 22, 2024, the average one-year price target for EPAM Systems is $226.19/share. The forecasts range from a low of $189.88 to a high of $288.75. The average price target represents a decrease of 7.01% from its latest reported closing price of $243.25 / share.
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The projected annual revenue for EPAM Systems is 7,067MM, an increase of 52.41%. 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 23 owner(s) or 1.91% in the last quarter. Average portfolio weight of all funds dedicated to EPAM is 0.15%, an increase of 10.30%. Total shares owned by institutions increased in the last three months by 4.12% to 65,088K shares. 
The put/call ratio of EPAM is 0.87, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 5,258K shares representing 9.27% ownership of the company. In its prior filing, the firm reported owning 5,442K shares , representing a decrease of 3.50%. The firm decreased its portfolio allocation in EPAM by 36.17% over the last quarter.
Invesco holds 2,832K shares representing 4.99% ownership of the company. In its prior filing, the firm reported owning 1,301K shares , representing an increase of 54.07%. The firm decreased its portfolio allocation in EPAM by 87.14% over the last quarter.
Wcm Investment Management holds 2,244K shares representing 3.96% ownership of the company. In its prior filing, the firm reported owning 2,250K shares , representing a decrease of 0.30%. The firm increased its portfolio allocation in EPAM by 3.00% over the last quarter.
AMCPX - AMCAP FUND holds 1,968K shares representing 3.47% ownership of the company. In its prior filing, the firm reported owning 1,970K shares , representing a decrease of 0.13%. The firm increased its portfolio allocation in EPAM by 7.05% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,744K shares representing 3.07% ownership of the company. In its prior filing, the firm reported owning 1,816K shares , representing a decrease of 4.15%. The firm decreased its portfolio allocation in EPAM by 36.40% 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.
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