UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 2,380 Shares of EPAM Systems, Inc. $EPAM

Key Points

• UBS Asset Management increased its stake in EPAM Systems by 0.7% during the first quarter, owning approximately 0.61% of the company's stock worth $59 million.
• EPAM Systems reported a quarterly EPS of $2.77, exceeding estimates, with revenue growth of 18% year-over-year at $1.35 billion.
• Institutional investors hold a significant portion, with 91.58% of EPAM Systems shares owned by various investors and hedge funds.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 fund owned 349,447 shares of the information technology services provider's stock after purchasing 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 reporting period.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in EPAM Systems by 18.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,248 shares of the information technology services provider's stock valued at $1,224,000 after acquiring an additional 1,112 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of EPAM Systems by 518.9% in the 1st quarter. SG Americas Securities LLC now owns 6,950 shares of the information technology services provider's stock worth $1,173,000 after acquiring an additional 5,827 shares during the last quarter. Liontrust Investment Partners LLP acquired a new stake in shares of EPAM Systems in the 1st quarter worth about $6,486,000. CX Institutional acquired a new stake in shares of EPAM Systems in the 1st quarter worth about $42,000. Finally, Fifth Third Bancorp grew its position in EPAM Systems by 6.1% in the 1st quarter. Fifth Third Bancorp now owns 1,572 shares of the information technology services provider's stock worth $265,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 91.58% of the company's stock.

Analyst Ratings Changes

EPAM has been the subject of a number of research reports. JPMorgan Chase & Co. reduced 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. TD Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Monday, August 18th. Cowen raised shares of EPAM Systems from a "hold" rating to a "buy" rating in a research report on Monday, August 18th. Morgan Stanley reduced their target price on shares of EPAM Systems from $210.00 to $175.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of EPAM Systems in a report on Thursday, July 17th. They issued a "hold" rating and a $171.00 price objective for the company. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $224.06.

EPAM Systems Trading Up 0.0%

EPAM Systems stock traded up $0.01 during trading hours on Friday, reaching $155.88. The stock had a trading volume of 1,733,518 shares, compared to its average volume of 803,517. The stock has a market cap of $8.68 billion, a PE ratio of 22.24, a PEG ratio of 2.27 and a beta of 1.66. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The company has a fifty day simple moving average of $163.51 and a 200-day simple moving average of $168.43.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.61 by $0.16. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company's revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.45 EPS. EPAM Systems has set its FY 2025 guidance at 10.960-11.120 EPS. Q3 2025 guidance at 2.980-3.060 EPS. Analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

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.