Universal Beteiligungs und Servicegesellschaft mbH Takes Position in EPAM Systems, Inc. (NYSE:EPAM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,594 shares of the information technology services provider's stock, valued at approximately $4,581,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors lifted its holdings in EPAM Systems by 22.0% in the fourth quarter. Capital World Investors now owns 2,304,243 shares of the information technology services provider's stock worth $538,778,000 after purchasing an additional 414,942 shares during the period. Ameriprise Financial Inc. lifted its holdings in EPAM Systems by 39.8% in the fourth 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 period. Geode Capital Management LLC lifted its holdings in EPAM Systems by 2.8% in the fourth 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 period. Massachusetts Financial Services Co. MA lifted its holdings in EPAM Systems by 96.1% in the fourth 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 period. Finally, Marshall Wace LLP lifted its holdings in EPAM Systems by 126.4% in the fourth 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 period. Institutional investors and hedge funds own 91.58% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EPAM. Guggenheim upped their price objective on shares of EPAM Systems from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Scotiabank cut their price target 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. Barclays upped their price target on shares of EPAM Systems from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Susquehanna cut their price target on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating for the company in a report on Wednesday, April 23rd. Finally, Piper Sandler upped their price target on shares of EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, EPAM Systems has a consensus rating of "Moderate Buy" and a consensus target price of $233.93.

EPAM Systems Trading Down 0.6%

NYSE EPAM traded down $1.14 on Thursday, hitting $174.51. 664,025 shares of the company were exchanged, compared to its average volume of 701,872. The company's 50 day moving average price is $164.45 and its 200-day moving average price is $206.62. 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 capitalization of $9.89 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.14. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.28 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.46 EPS. Analysts predict that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

EPAM Systems 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.