Venturi Wealth Management LLC Has $38,000 Position in EPAM Systems, Inc. (NYSE:EPAM)

Venturi Wealth Management LLC reduced its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 69.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161 shares of the information technology services provider’s stock after selling 366 shares during the period. Venturi Wealth Management LLC’s holdings in EPAM Systems were worth $38,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of EPAM Systems during the fourth quarter worth $35,000. Manchester Capital Management LLC boosted its position in shares of EPAM Systems by 590.0% during the fourth quarter. Manchester Capital Management LLC now owns 207 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 177 shares in the last quarter. Farther Finance Advisors LLC boosted its position 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 in the last quarter. Capital Performance Advisors LLP bought a new position in shares of EPAM Systems during the third quarter worth $44,000. Finally, Sentry Investment Management LLC bought a new position in shares of EPAM Systems during the third quarter worth $52,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EPAM has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target 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 boosted their price objective for the company from $235.00 to $295.00 in a research report on Friday, December 6th. Piper Sandler boosted their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com cut shares of EPAM Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Barclays raised shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $250.00 to $290.00 in a research report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $268.44.

EPAM Systems Stock Up 1.6 %

EPAM Systems stock opened at $210.60 on Wednesday. The firm has a market capitalization of $11.95 billion, a PE ratio of 26.86, a P/E/G ratio of 3.38 and a beta of 1.51. The company’s 50-day moving average is $242.09 and its 200-day moving average is $222.67. EPAM Systems, Inc. has a fifty-two week low of $169.43 and a fifty-two week high of $317.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.96 and a quick ratio of 4.56.

EPAM Systems (NYSE:EPAM) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.52). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. EPAM Systems had a return on equity of 14.60% and a net margin of 9.61%. Sell-side analysts anticipate that EPAM Systems, Inc. will post 8.9 earnings per share for the current year.

Insider Transactions at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $256.53, for a total transaction of $1,733,629.74. Following the transaction, the senior vice president now directly owns 13,000 shares in the company, valued at $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason D. Peterson sold 464 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares in the company, valued at $6,263,604. This represents a 1.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,300 shares of company stock worth $2,129,924 in the last ninety days. Insiders own 4.30% of the company’s stock.

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.