Commerce Bank Trims Stock Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Commerce Bank decreased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 49.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of EPAM Systems by 35.8% in the fourth quarter. American Century Companies Inc. now owns 20,597 shares of the information technology services provider's stock worth $4,816,000 after purchasing an additional 5,435 shares during the last quarter. Centre Asset Management LLC purchased a new stake in EPAM Systems in the fourth quarter worth about $8,757,000. Oliver Luxxe Assets LLC purchased a new position in shares of EPAM Systems during the 4th quarter worth approximately $1,889,000. DnB Asset Management AS raised its position in shares of EPAM Systems by 26.4% in the 4th quarter. DnB Asset Management AS now owns 11,245 shares of the information technology services provider's stock worth $2,629,000 after acquiring an additional 2,349 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in EPAM Systems in the fourth quarter worth $245,000. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Trading Up 0.6 %

Shares of EPAM traded up $0.97 during midday trading on Tuesday, hitting $159.86. The stock had a trading volume of 84,063 shares, compared to its average volume of 690,532. EPAM Systems, Inc. has a 1 year low of $138.15 and a 1 year high of $269.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56. The stock's 50 day moving average is $173.96 and its 200 day moving average is $213.34. The firm has a market cap of $9.12 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 3.38 and a beta of 1.69.

EPAM Systems (NYSE:EPAM - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. As a group, analysts forecast that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EPAM has been the subject of several research reports. Guggenheim decreased their price target on shares of EPAM Systems from $285.00 to $210.00 and set a "buy" rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price objective on shares of EPAM Systems in a research report on Thursday, February 20th. Morgan Stanley raised their price target on EPAM Systems from $230.00 to $256.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Barclays reduced their price objective on shares of EPAM Systems from $270.00 to $200.00 and set an "overweight" rating for the company in a research note on Friday. Finally, StockNews.com downgraded shares of EPAM Systems from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $235.56.

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.