Ninety One UK Ltd Makes New $186.28 Million Investment in EPAM Systems, Inc. (NYSE:EPAM)

Ninety One UK Ltd bought a new stake in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,103,292 shares of the information technology services provider's stock, valued at approximately $186,280,000. Ninety One UK Ltd owned about 1.93% of EPAM Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPAM. Brighton Jones LLC acquired a new stake in shares of EPAM Systems during the 4th quarter valued at $218,000. Proficio Capital Partners LLC bought a new stake in EPAM Systems in the fourth quarter worth $3,772,000. Raymond James Financial Inc. acquired a new position in EPAM Systems during the 4th quarter worth $27,916,000. Amundi lifted its position in EPAM Systems by 15.1% during the 4th quarter. Amundi now owns 221,668 shares of the information technology services provider's stock worth $50,653,000 after acquiring an additional 29,142 shares during the last quarter. Finally, Argentarii LLC acquired a new position in EPAM Systems during the 4th quarter worth $249,000. 91.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus cut their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Piper Sandler upped their price objective on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. Scotiabank cut their price objective on shares of EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays increased their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $233.93.

EPAM Systems Price Performance

Shares of EPAM traded down $3.74 during mid-day trading on Wednesday, hitting $179.57. 39,985 shares of the company traded hands, compared to its average volume of 683,901. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $174.71 and a 200 day moving average of $195.22. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.40 and a beta of 1.70.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 8.47% and a return on equity of 14.15%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the firm earned $2.46 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share 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.