Bokf Na Trims Holdings in EPAM Systems, Inc. (NYSE:EPAM)

BOKF NA decreased its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,955 shares of the information technology services provider's stock after selling 1,835 shares during the quarter. BOKF NA's holdings in EPAM Systems were worth $892,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EPAM. EverSource Wealth Advisors LLC increased its position in 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 buying an additional 54 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in EPAM Systems by 2,500.0% during the fourth 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 during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of EPAM Systems by 88.5% in the fourth quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 69 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of EPAM Systems by 590.0% in the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider's stock worth $48,000 after buying an additional 177 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in EPAM Systems during the fourth quarter valued at approximately $49,000. Institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Down 1.4%

EPAM Systems stock traded down $2.68 during mid-day trading on Wednesday, reaching $184.22. 476,825 shares of the company's stock were exchanged, compared to its average volume of 682,067. The company has a market cap of $10.51 billion, a P/E ratio of 23.50, a P/E/G ratio of 3.38 and a beta of 1.71. The company has a fifty day moving average of $165.34 and a 200-day moving average of $210.99. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a quick ratio of 4.56, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last released its earnings results on Thursday, May 8th. The information technology services provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.14. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business posted $2.46 earnings per share. EPAM Systems's revenue was up 11.7% compared to the same quarter last year. Sell-side analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EPAM shares. Stifel Nicolaus dropped their price target on shares of EPAM Systems from $275.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Piper Sandler upped their target price on EPAM Systems from $170.00 to $194.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Morgan Stanley cut their price objective on EPAM Systems from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Barclays increased their target price on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Jefferies Financial Group reduced their target price on EPAM Systems from $305.00 to $288.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, EPAM Systems presently has an average rating of "Moderate Buy" and a consensus target price of $231.50.

About EPAM Systems

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.