US Bancorp DE Sells 6,856 Shares of EPAM Systems, Inc. (NYSE:EPAM)

US Bancorp DE reduced its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 72.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,632 shares of the information technology services provider's stock after selling 6,856 shares during the period. US Bancorp DE's holdings in EPAM Systems were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAM. Versant Capital Management Inc acquired a new stake in EPAM Systems in the 4th quarter valued at $35,000. Farther Finance Advisors LLC increased its stake in shares of EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 106 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of EPAM Systems by 590.0% during 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. Continuum Advisory LLC increased its stake in shares of EPAM Systems by 5,240.0% during the 3rd quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 262 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider's stock worth $65,000 after purchasing an additional 57 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of EPAM Systems from $290.00 to $270.00 and set an "overweight" rating on the stock in a research note on Monday. The Goldman Sachs Group upgraded shares of EPAM Systems from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Morgan Stanley boosted their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. StockNews.com lowered shares of EPAM Systems from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of EPAM Systems in a research note on Thursday, February 20th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, EPAM Systems has an average rating of "Moderate Buy" and an average target price of $267.33.

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EPAM Systems Price Performance

EPAM opened at $191.57 on Wednesday. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 3.38 and a beta of 1.61. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $233.93 and a 200-day moving average price of $222.80. EPAM Systems, Inc. has a twelve month low of $169.43 and a twelve month high of $309.48.

EPAM Systems (NYSE:EPAM - Get Free Report) last posted its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Equities analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Insider Buying and Selling at EPAM Systems

In related news, CFO Jason D. Peterson sold 1,078 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the sale, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.

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