Deutsche Bank AG Has $39.83 Million Stock Position in EPAM Systems, Inc. (NYSE:EPAM)

Deutsche Bank AG cut its holdings in EPAM Systems, Inc. (NYSE:EPAM - Free Report) by 10.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,916 shares of the information technology services provider's stock after selling 28,186 shares during the quarter. Deutsche Bank AG owned 0.41% of EPAM Systems worth $39,832,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of EPAM Systems in the fourth quarter worth $218,000. Federated Hermes Inc. grew its position in EPAM Systems by 53.5% during the fourth quarter. Federated Hermes Inc. now owns 4,205 shares of the information technology services provider's stock valued at $983,000 after acquiring an additional 1,465 shares during the period. Advisory Services Network LLC grew its position in EPAM Systems by 415.6% during the fourth quarter. Advisory Services Network LLC now owns 2,284 shares of the information technology services provider's stock valued at $534,000 after acquiring an additional 1,841 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of EPAM Systems in the fourth quarter worth about $27,916,000. Finally, Sterling Capital Management LLC boosted its position in shares of EPAM Systems by 58.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,247 shares of the information technology services provider's stock worth $759,000 after buying an additional 1,198 shares during the period. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

EPAM Systems Stock Performance

EPAM stock traded down $1.38 during trading on Friday, reaching $157.92. 878,696 shares of the stock were exchanged, compared to its average volume of 798,608. EPAM Systems, Inc. has a twelve month low of $138.15 and a twelve month high of $269.00. The company has a market capitalization of $8.80 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.35 and a beta of 1.67. The stock has a 50 day simple moving average of $168.12 and a 200-day simple moving average of $181.00. The company has a current ratio of 3.17, a quick ratio of 3.17 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. EPAM Systems had a net margin of 7.91% and a return on equity of 14.00%. The company's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 earnings per share. As a group, sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on EPAM. Barclays boosted their price target on EPAM Systems from $200.00 to $215.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Morgan Stanley dropped their price target 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. Susquehanna dropped their price target on EPAM Systems from $270.00 to $210.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Piper Sandler increased their price objective on EPAM Systems from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Scotiabank decreased 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. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $231.73.

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.