Merit Financial Group LLC Buys Shares of 1,046 EPAM Systems, Inc. (NYSE:EPAM)

Merit Financial Group LLC acquired a new position in shares of EPAM Systems, Inc. (NYSE:EPAM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,046 shares of the information technology services provider’s stock, valued at approximately $245,000.

Other hedge funds also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of EPAM Systems by 181.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 100 shares during the period. Versant Capital Management Inc purchased a new position in shares of EPAM Systems during the 4th quarter worth $35,000. Farther Finance Advisors LLC boosted its holdings in shares of EPAM Systems by 101.0% during the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of EPAM Systems in the third quarter valued at $44,000. Finally, Sentry Investment Management LLC acquired a new position in EPAM Systems in the third quarter valued at $52,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jason D. Peterson sold 464 shares of EPAM Systems stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $257.00, for a total value of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares in the company, valued at approximately $6,263,604. This trade represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,222 shares of company stock worth $2,089,878 over the last three months. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Up 3.0 %

EPAM Systems stock opened at $252.67 on Friday. EPAM Systems, Inc. has a 52 week low of $169.43 and a 52 week high of $317.50. The stock has a market cap of $14.33 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 3.48 and a beta of 1.50. The company’s 50-day moving average price is $239.08 and its two-hundred day moving average price is $215.52. The company has a current ratio of 4.56, a quick ratio of 4.56 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group lowered their price objective on shares of 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 upped their price objective on EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Mizuho raised their price objective on EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $269.84.

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.