MBM Wealth Consultants LLC Acquires 165 Shares of EPAM Systems, Inc. (NYSE:EPAM)

MBM Wealth Consultants LLC grew its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,720 shares of the information technology services provider’s stock after purchasing an additional 165 shares during the quarter. MBM Wealth Consultants LLC’s holdings in EPAM Systems were worth $1,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EPAM. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of EPAM Systems by 181.8% in the 3rd 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 in the last quarter. Versant Capital Management Inc acquired a new stake in EPAM Systems in the fourth quarter valued at approximately $35,000. Farther Finance Advisors LLC boosted its stake in EPAM Systems by 101.0% in the third quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in EPAM Systems in the third quarter worth $44,000. Finally, Sentry Investment Management LLC acquired a new position in shares of EPAM Systems during the third quarter worth $52,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Insider Activity at EPAM Systems

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. The trade was a 34.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason D. Peterson sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $237.00, for a total value of $237,000.00. Following the transaction, the chief financial officer now directly owns 24,836 shares of the company’s stock, valued at $5,886,132. The trade was a 3.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,222 shares of company stock worth $2,089,878 in the last 90 days. Corporate insiders own 4.30% of the company’s stock.

EPAM Systems Stock Performance

EPAM opened at $237.47 on Wednesday. The stock has a market cap of $13.47 billion, a P/E ratio of 30.84, a P/E/G ratio of 3.37 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56. The firm has a fifty day moving average price of $238.99 and a 200 day moving average price of $214.47. EPAM Systems, Inc. has a 1 year low of $169.43 and a 1 year high of $317.50.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Itau BBA Securities upgraded EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, November 8th. Jefferies Financial Group dropped their price target on EPAM Systems from $305.00 to $288.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler increased 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. The Goldman Sachs Group upgraded shares of EPAM Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Finally, Needham & Company LLC upped their price target on shares of EPAM Systems from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $269.84.

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.