Wealth Enhancement Advisory Services LLC Grows Holdings in EPAM Systems, Inc. (NYSE:EPAM)

Wealth Enhancement Advisory Services LLC increased its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,380 shares of the information technology services provider’s stock after purchasing an additional 74 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in EPAM Systems were worth $1,024,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPAM. Metis Global Partners LLC boosted its stake in shares of EPAM Systems by 2.5% during the third quarter. Metis Global Partners LLC now owns 2,029 shares of the information technology services provider’s stock worth $404,000 after buying an additional 50 shares during the period. First Horizon Advisors Inc. lifted its position in EPAM Systems by 21.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 325 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 57 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of EPAM Systems by 3.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 2,055 shares of the information technology services provider’s stock valued at $409,000 after purchasing an additional 60 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of EPAM Systems by 4.3% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,562 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 65 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of EPAM Systems by 5.2% in the third quarter. Empirical Finance LLC now owns 1,362 shares of the information technology services provider’s stock valued at $271,000 after purchasing an additional 67 shares during the period. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Mizuho lifted their target price on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised shares of EPAM Systems from a “neutral” rating to a “buy” rating and increased their price target for the stock from $235.00 to $295.00 in a report on Friday, December 6th. Itau BBA Securities upgraded shares of EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, November 8th. Finally, Piper Sandler boosted their target price on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $267.84.

Insiders Place Their Bets

In other EPAM Systems news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total transaction of $237,000.00. Following the completion of the transaction, the chief financial officer now owns 24,836 shares of the company’s stock, valued at approximately $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the completion of the transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,222 shares of company stock worth $2,089,878. Insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

EPAM Systems stock opened at $228.64 on Thursday. The firm has a market capitalization of $12.97 billion, a PE ratio of 29.69, a P/E/G ratio of 3.74 and a beta of 1.50. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The firm’s 50-day simple moving average is $239.09 and its 200 day simple moving average is $212.85. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

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.