UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 347,067 shares of the information technology services provider's stock after purchasing an additional 51,410 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.61% of EPAM Systems worth $81,151,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors grew its position in shares of EPAM Systems by 22.0% during the 4th quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock valued at $538,778,000 after buying an additional 414,942 shares during the last quarter. Ameriprise Financial Inc. grew its position in EPAM Systems by 39.8% in the 4th quarter. Ameriprise Financial Inc. now owns 2,181,143 shares of the information technology services provider's stock worth $510,053,000 after purchasing an additional 620,551 shares during the last quarter. Geode Capital Management LLC grew its position in EPAM Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 1,349,088 shares of the information technology services provider's stock worth $314,616,000 after purchasing an additional 37,119 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in EPAM Systems by 96.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 818,881 shares of the information technology services provider's stock worth $191,471,000 after purchasing an additional 401,355 shares during the last quarter. Finally, Marshall Wace LLP grew its position in EPAM Systems by 126.4% in the 4th quarter. Marshall Wace LLP now owns 769,584 shares of the information technology services provider's stock worth $179,944,000 after purchasing an additional 429,644 shares during the last quarter. Institutional investors own 91.58% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on EPAM shares. Guggenheim upped their target price on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Stifel Nicolaus decreased their price objective on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Wall Street Zen cut shares of EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Scotiabank decreased 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 report on Tuesday, April 29th. Finally, Needham & Company LLC increased their price objective on shares of EPAM Systems from $185.00 to $215.00 and gave the company a "buy" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.
Check Out Our Latest Research Report on EPAM Systems
EPAM Systems Trading Down 0.4%
EPAM Systems stock traded down $0.77 during midday trading on Friday, reaching $173.02. The stock had a trading volume of 247,539 shares, compared to its average volume of 683,158. The firm's fifty day simple moving average is $164.42 and its two-hundred day simple moving average is $208.96. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 3.38 and a beta of 1.71.
EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. The company's revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.
EPAM Systems Company Profile
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Free Report)
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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