UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in EPAM Systems, Inc. (NYSE:EPAM – Free Report) by 27.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 160,822 shares of the information technology services provider’s stock after selling 62,147 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in EPAM Systems were worth $12,761,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in EPAM. Rothschild Investment LLC increased its holdings in shares of EPAM Systems by 51.4% in the 4th quarter. Rothschild Investment LLC now owns 159 shares of the information technology services provider’s stock valued at $33,000 after purchasing an additional 54 shares in the last quarter. Horizon Investments LLC boosted its holdings in EPAM Systems by 6.4% during the fourth quarter. Horizon Investments LLC now owns 928 shares of the information technology services provider’s stock worth $190,000 after buying an additional 56 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of EPAM Systems by 4.5% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,570 shares of the information technology services provider’s stock valued at $322,000 after acquiring an additional 67 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in EPAM Systems by 2.8% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,686 shares of the information technology services provider’s stock valued at $550,000 after purchasing an additional 74 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in EPAM Systems by 4.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,144 shares of the information technology services provider’s stock worth $439,000 after purchasing an additional 82 shares in the last quarter. 91.58% of the stock is owned by institutional investors and hedge funds.
EPAM Systems Price Performance
NYSE:EPAM opened at $117.18 on Friday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 1.20 and a beta of 1.38. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $98.66 and its two-hundred day moving average is $111.23. EPAM Systems, Inc. has a 12-month low of $73.06 and a 12-month high of $222.53.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on EPAM. Citigroup dropped their price target on EPAM Systems from $112.00 to $100.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. William Blair downgraded shares of EPAM Systems from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Truist Financial cut their price objective on EPAM Systems from $112.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered EPAM Systems from an “overweight” rating to a “neutral” rating and set a $120.00 target price on the stock. in a research note on Wednesday, August 26th. Finally, Morgan Stanley set a $97.00 target price on EPAM Systems in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $116.47.
Get Our Latest Report on EPAM Systems
EPAM Systems Profile
EPAM Systems, Inc is a global provider of digital platform engineering and software development services. The company partners with clients across industries—such as financial services, healthcare, retail, and technology—to design, develop, and maintain complex software applications and digital experiences. EPAM’s offerings include custom software development, application management, infrastructure management, quality assurance, and testing services, enabling organizations to accelerate digital transformation and enhance operational efficiency.
In addition to its core engineering capabilities, EPAM delivers a range of specialized services, including product design and consulting, data and analytics, cloud computing, DevOps, and cybersecurity.
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