Universal Beteiligungs und Servicegesellschaft mbH Takes $4.58 Million Position in EPAM Systems, Inc. (NYSE:EPAM)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in EPAM Systems, Inc. (NYSE:EPAM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,594 shares of the information technology services provider's stock, valued at approximately $4,581,000.

Several other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after buying an additional 54 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in EPAM Systems by 2,500.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 130 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 125 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares during the period. Manchester Capital Management LLC grew its position in EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of EPAM Systems during the 4th quarter worth about $49,000. 91.58% of the stock is owned by institutional investors.

EPAM Systems Price Performance

NYSE EPAM traded up $3.66 during midday trading on Tuesday, hitting $174.24. The company had a trading volume of 1,014,682 shares, compared to its average volume of 699,907. The firm has a 50-day moving average price of $164.20 and a 200-day moving average price of $207.48. The company has a market capitalization of $9.87 billion, a PE ratio of 22.22, a P/E/G ratio of 3.38 and a beta of 1.71. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01. 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 results on Thursday, May 8th. The information technology services provider reported $2.41 EPS for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. EPAM Systems's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAM has been the subject of a number of research reports. Piper Sandler raised their price objective on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Wall Street Zen cut EPAM Systems from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Susquehanna cut their target price on shares of EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus cut their price target on EPAM Systems from $275.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Guggenheim increased their target price on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and an average price target of $233.93.

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.