EPAM Systems, Inc. (NYSE:EPAM) Stock Holdings Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,657 shares of the information technology services provider’s stock after selling 8,826 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.52% of EPAM Systems worth $58,845,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Tidal Investments LLC lifted its position in shares of EPAM Systems by 17.2% in the 1st quarter. Tidal Investments LLC now owns 3,167 shares of the information technology services provider’s stock valued at $875,000 after acquiring an additional 464 shares in the last quarter. Comerica Bank lifted its holdings in shares of EPAM Systems by 3.1% in the first quarter. Comerica Bank now owns 9,593 shares of the information technology services provider’s stock valued at $2,649,000 after purchasing an additional 286 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of EPAM Systems by 1.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,473 shares of the information technology services provider’s stock worth $2,859,000 after buying an additional 195 shares during the period. CWM LLC grew its holdings in shares of EPAM Systems by 28.6% during the second quarter. CWM LLC now owns 1,857 shares of the information technology services provider’s stock valued at $349,000 after buying an additional 413 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in EPAM Systems during the second quarter valued at $84,850,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EPAM shares. Citigroup raised their price objective on EPAM Systems from $207.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. increased their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $245.00 to $275.00 in a report on Monday, November 11th. Finally, Piper Sandler boosted their target price on EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.20.

EPAM Systems Stock Performance

Shares of EPAM opened at $240.47 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50. The company’s fifty day moving average price is $212.10 and its 200 day moving average price is $200.05. The company has a market capitalization of $13.64 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 3.73 and a beta of 1.49.

EPAM Systems announced that its board has authorized a stock repurchase plan on Thursday, August 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 4.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at EPAM Systems

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the sale, the chief financial officer now owns 24,836 shares of the company’s stock, valued at $5,886,132. This trade represents a 3.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.30% of the stock is currently owned by corporate insiders.

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.