EPAM Systems, Inc. (NYSE:EPAM) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its stake in EPAM Systems, Inc. (NYSE:EPAM) by 38.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,889 shares of the information technology services provider’s stock after buying an additional 524 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in EPAM Systems were worth $442,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc purchased a new position in EPAM Systems in the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC lifted 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 purchased a new position in shares of EPAM Systems in the third quarter valued at $44,000. Manchester Capital Management LLC boosted its stake in shares of EPAM Systems by 590.0% in the fourth 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 during the period. Finally, Sentry Investment Management LLC acquired a new stake in EPAM Systems during the 3rd quarter valued at $52,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at EPAM Systems

In other news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason D. Peterson sold 464 shares of the company’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 completion of the sale, the chief financial officer now directly owns 24,372 shares of the company’s stock, valued at $6,263,604. The trade was a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,300 shares of company stock valued at $2,129,924 in the last ninety days. Company insiders own 4.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EPAM shares. Morgan Stanley upped their price objective on shares of EPAM Systems from $230.00 to $256.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Jefferies Financial Group reduced their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Barclays upgraded EPAM Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $250.00 to $290.00 in a research note on Tuesday, December 17th. Susquehanna upped their target price on EPAM Systems from $240.00 to $270.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, EPAM Systems presently has an average rating of “Moderate Buy” and an average target price of $268.44.

EPAM Systems Trading Down 2.0 %

NYSE:EPAM opened at $208.87 on Friday. The firm has a market capitalization of $11.85 billion, a P/E ratio of 26.64, a P/E/G ratio of 3.38 and a beta of 1.51. The business has a 50 day simple moving average of $240.81 and a 200 day simple moving average of $222.51. 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, Inc. has a 12-month low of $169.43 and a 12-month high of $317.50.

EPAM Systems (NYSE:EPAM) last posted 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 company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. EPAM Systems had a net margin of 9.61% and a return on equity of 14.60%. Equities research analysts predict that EPAM Systems, Inc. will post 8.9 EPS for the current year.

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.