UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,447 shares of the information technology services provider’s stock after acquiring an additional 2,380 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.61% of EPAM Systems worth $59,001,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC acquired a new stake in EPAM Systems during the first quarter worth about $33,000. CX Institutional acquired a new stake in EPAM Systems during the first quarter worth about $42,000. First Horizon Advisors Inc. raised its stake in EPAM Systems by 79.5% during the first quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock worth $81,000 after acquiring an additional 213 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in EPAM Systems by 397.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 647 shares of the information technology services provider’s stock worth $109,000 after acquiring an additional 517 shares during the period. Finally, IFP Advisors Inc raised its stake in EPAM Systems by 149.2% during the first quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider’s stock worth $133,000 after acquiring an additional 470 shares during the period. Institutional investors and hedge funds own 91.58% of the company’s stock.
EPAM Systems Trading Down 1.0%
Shares of NYSE:EPAM opened at $156.26 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 2.27 and a beta of 1.66. EPAM Systems, Inc. has a 1-year low of $138.15 and a 1-year high of $269.00. The company has a 50 day moving average price of $165.89 and a 200 day moving average price of $169.58.
Wall Street Analyst Weigh In
Several research analysts have commented on EPAM shares. JPMorgan Chase & Co. decreased their target price on shares of EPAM Systems from $205.00 to $201.00 and set an “overweight” rating for the company in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of EPAM Systems in a research note on Thursday, July 17th. They issued a “hold” rating and a $171.00 price target on the stock. Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Monday, August 18th. Wall Street Zen lowered shares of EPAM Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, TD Cowen upgraded shares of EPAM Systems from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Monday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $224.06.
Read Our Latest Analysis on EPAM Systems
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.
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