US Bancorp DE Sells 1,026 Shares of EPAM Systems, Inc. (NYSE:EPAM)

US Bancorp DE lowered its position in EPAM Systems, Inc. (NYSE:EPAM) by 39.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,606 shares of the information technology services provider’s stock after selling 1,026 shares during the period. US Bancorp DE’s holdings in EPAM Systems were worth $271,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of EPAM Systems by 2,500.0% in 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 buying an additional 125 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of EPAM Systems in the 1st quarter valued at $33,000. CX Institutional bought a new stake in shares of EPAM Systems in the 1st quarter valued at $42,000. First Horizon Advisors Inc. increased its position in shares of EPAM Systems by 79.5% in the 1st quarter. First Horizon Advisors Inc. now owns 481 shares of the information technology services provider’s stock valued at $81,000 after buying an additional 213 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of EPAM Systems by 149.2% in the 1st quarter. IFP Advisors Inc now owns 785 shares of the information technology services provider’s stock valued at $133,000 after buying an additional 470 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of EPAM Systems from $250.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, May 9th. Susquehanna lowered their target price on EPAM Systems from $270.00 to $210.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on EPAM Systems from $275.00 to $240.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Piper Sandler increased their target price on EPAM Systems from $170.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on EPAM Systems in a report on Thursday, July 17th. They set a “hold” rating and a $171.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.73.

EPAM Systems Trading Down 0.8%

EPAM Systems stock opened at $159.54 on Friday. The firm has a 50-day moving average of $168.53 and a 200-day moving average of $182.17. EPAM Systems, Inc. has a one year low of $138.15 and a one year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 3.17. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 2.40 and a beta of 1.67.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, August 7th. The information technology services provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.61 by $0.16. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $2.45 EPS. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts expect that EPAM Systems, Inc. will post 8.9 earnings per share for the current fiscal year.

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.