Deutsche Bank AG Purchases 44,074 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Deutsche Bank AG increased its position in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 264,102 shares of the information technology services provider's stock after acquiring an additional 44,074 shares during the period. Deutsche Bank AG owned about 0.47% of EPAM Systems worth $61,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EPAM. Barclays PLC raised its holdings in EPAM Systems by 12.2% in the 3rd quarter. Barclays PLC now owns 128,629 shares of the information technology services provider's stock worth $25,602,000 after purchasing an additional 13,981 shares during the period. Principal Financial Group Inc. raised its stake in shares of EPAM Systems by 1.2% in the third quarter. Principal Financial Group Inc. now owns 70,674 shares of the information technology services provider's stock worth $14,066,000 after buying an additional 848 shares during the period. Nordea Investment Management AB raised its stake in shares of EPAM Systems by 9.9% in the fourth quarter. Nordea Investment Management AB now owns 4,292 shares of the information technology services provider's stock worth $1,008,000 after buying an additional 386 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of EPAM Systems by 1.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,380 shares of the information technology services provider's stock valued at $1,024,000 after buying an additional 74 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of EPAM Systems by 6.0% during the 4th quarter. Czech National Bank now owns 12,299 shares of the information technology services provider's stock valued at $2,876,000 after acquiring an additional 701 shares during the period. Hedge funds and other institutional investors own 91.58% of the company's stock.

EPAM Systems Stock Performance

Shares of NYSE:EPAM opened at $186.61 on Tuesday. The firm has a fifty day simple moving average of $165.53 and a two-hundred day simple moving average of $211.15. 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 stock has a market capitalization of $10.65 billion, a P/E ratio of 23.80, a PEG ratio of 3.38 and a beta of 1.71. EPAM Systems, Inc. has a 52 week low of $138.15 and a 52 week high of $269.00.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EPAM. Morgan Stanley reduced 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 note on Friday. Guggenheim raised their price target on EPAM Systems from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday. Jefferies Financial Group dropped their price objective on EPAM Systems from $305.00 to $288.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Piper Sandler lifted 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. Finally, Scotiabank dropped their price target on EPAM Systems from $250.00 to $200.00 and set a "sector outperform" rating for the company in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $231.50.

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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