Bokf Na Raises Position in EPAM Systems, Inc. (NYSE:EPAM)

Bokf Na increased its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 11.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,577 shares of the information technology services provider’s stock after buying an additional 757 shares during the period. Bokf Na’s holdings in EPAM Systems were worth $2,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EPAM. Atria Wealth Solutions Inc. raised its position in EPAM Systems by 3.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,235 shares of the information technology services provider’s stock valued at $367,000 after purchasing an additional 40 shares in the last quarter. Equitable Trust Co. raised its position in EPAM Systems by 0.8% during the first quarter. Equitable Trust Co. now owns 5,941 shares of the information technology services provider’s stock valued at $1,641,000 after purchasing an additional 46 shares in the last quarter. Czech National Bank raised its position in EPAM Systems by 0.5% during the first quarter. Czech National Bank now owns 10,152 shares of the information technology services provider’s stock valued at $2,804,000 after purchasing an additional 46 shares in the last quarter. Meridian Management Co. raised its position in EPAM Systems by 0.6% during the fourth quarter. Meridian Management Co. now owns 8,287 shares of the information technology services provider’s stock valued at $2,372,000 after purchasing an additional 48 shares in the last quarter. Finally, Kentucky Retirement Systems raised its position in EPAM Systems by 1.4% during the fourth quarter. Kentucky Retirement Systems now owns 4,617 shares of the information technology services provider’s stock valued at $1,373,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 91.58% of the company’s stock.

EPAM Systems Stock Up 1.9 %

EPAM Systems stock traded up $3.91 during trading hours on Friday, hitting $211.05. 318,277 shares of the stock traded hands, compared to its average volume of 600,728. The firm’s 50-day moving average price is $186.91 and its two-hundred day moving average price is $243.54. The company has a current ratio of 4.68, a quick ratio of 4.68 and a debt-to-equity ratio of 0.01. The company has a market cap of $12.23 billion, a PE ratio of 28.87, a PEG ratio of 4.88 and a beta of 1.45. EPAM Systems, Inc. has a one year low of $169.43 and a one year high of $317.50.

EPAM Systems (NYSE:EPAM) last posted its quarterly earnings data on Thursday, May 9th. The information technology services provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.09. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. EPAM Systems had a return on equity of 14.95% and a net margin of 9.28%. On average, research analysts forecast that EPAM Systems, Inc. will post 7.81 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on EPAM. Morgan Stanley upgraded EPAM Systems from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $236.00 to $225.00 in a report on Friday, April 26th. Piper Sandler decreased their price objective on EPAM Systems from $252.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, June 13th. Needham & Company LLC decreased their price objective on EPAM Systems from $350.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Mizuho decreased their price objective on EPAM Systems from $345.00 to $258.00 and set a “buy” rating on the stock in a report on Tuesday, May 14th. Finally, JPMorgan Chase & Co. decreased their price objective on EPAM Systems from $331.00 to $311.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, EPAM Systems currently has an average rating of “Moderate Buy” and an average target price of $270.28.

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.