EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Commerce Bank

Commerce Bank decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 49.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,693 shares of the information technology services provider's stock after selling 1,688 shares during the period. Commerce Bank's holdings in EPAM Systems were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in shares of EPAM Systems by 90.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 54 shares during the last quarter. TD Private Client Wealth LLC grew 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 worth $34,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of EPAM Systems during the fourth quarter valued at about $35,000. Manchester Capital Management LLC boosted its holdings in shares of EPAM Systems by 590.0% during the fourth 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 period. Finally, Physician Wealth Advisors Inc. purchased a new position in EPAM Systems during the 4th quarter valued at about $49,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of NYSE EPAM traded up $1.17 during mid-day trading on Friday, hitting $159.20. The stock had a trading volume of 440,733 shares, compared to its average volume of 693,733. The company has a 50 day moving average of $175.93 and a two-hundred day moving average of $213.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.56 and a current ratio of 2.96. The firm has a market cap of $9.09 billion, a PE ratio of 20.31, a PEG ratio of 3.38 and a beta of 1.69. 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 issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.52). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EPAM. Morgan Stanley boosted their target price on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Piper Sandler lowered shares of EPAM Systems from an "overweight" rating to a "neutral" rating and cut their target price for the company from $251.00 to $170.00 in a research note on Wednesday, April 16th. Scotiabank lowered their price objective on shares of EPAM Systems from $275.00 to $250.00 and set a "sector outperform" rating for the company in a report on Monday, February 24th. Needham & Company LLC reiterated a "buy" rating and set a $265.00 target price on shares of EPAM Systems in a report on Thursday, February 20th. Finally, StockNews.com cut EPAM Systems from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, EPAM Systems currently has a consensus rating of "Moderate Buy" and an average target price of $235.56.

Insider Activity at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the completion of the transaction, the chief financial officer now owns 23,382 shares of the company's stock, valued at approximately $6,009,174. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.30% of the company's stock.

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.