Zions Bancorporation N.A. Decreases Position in EPAM Systems, Inc. (NYSE:EPAM)

Zions Bancorporation N.A. trimmed its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,046 shares of the information technology services provider’s stock after selling 95 shares during the quarter. Zions Bancorporation N.A.’s holdings in EPAM Systems were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in EPAM. EverSource Wealth Advisors LLC grew its stake in shares of EPAM Systems by 90.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 114 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 54 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in EPAM Systems by 88.5% in the 4th quarter. TD Private Client Wealth LLC now owns 147 shares of the information technology services provider’s stock worth $34,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc purchased a new stake in EPAM Systems during the 4th quarter worth approximately $35,000. Manchester Capital Management LLC increased its stake in EPAM Systems by 590.0% during the 4th quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 177 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of EPAM Systems by 5,240.0% during the third quarter. Continuum Advisory LLC now owns 267 shares of the information technology services provider’s stock worth $53,000 after buying an additional 262 shares during the period. 91.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason D. Peterson sold 1,078 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $257.00, for a total value of $277,046.00. Following the transaction, the chief financial officer now owns 23,382 shares in the company, valued at $6,009,174. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

Shares of EPAM stock opened at $176.84 on Thursday. The company has a market capitalization of $10.06 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.38 and a beta of 1.61. EPAM Systems, Inc. has a 12-month low of $169.43 and a 12-month high of $281.62. The business’s 50 day moving average is $223.26 and its two-hundred day moving average is $221.11. The company has a current ratio of 2.96, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems (NYSE:EPAM) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.52). The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Analysts expect that EPAM Systems, Inc. will post 8.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EPAM has been the topic of several research reports. Scotiabank cut their target price on EPAM Systems from $275.00 to $250.00 and set a “sector outperform” rating on the stock in a research report on Monday, February 24th. Morgan Stanley raised their price objective on EPAM Systems from $230.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of EPAM Systems in a research report on Thursday, February 20th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $235.00 to $295.00 in a research report on Friday, December 6th. Finally, StockNews.com downgraded shares of EPAM Systems from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.47.

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.