EPAM Systems, Inc. (NYSE:EPAM) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in EPAM Systems, Inc. (NYSE:EPAM) by 1.9% during the 1st quarter, Holdings Channel reports. The fund owned 19,339 shares of the information technology services provider’s stock after acquiring an additional 360 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EPAM Systems were worth $7,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. Lindbrook Capital LLC lifted its stake in shares of EPAM Systems by 53.7% in the 1st quarter. Lindbrook Capital LLC now owns 63 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 22 shares during the period. Steward Partners Investment Advisory LLC lifted its position in EPAM Systems by 9.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 318 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 28 shares during the period. Bristlecone Advisors LLC lifted its position in EPAM Systems by 3.2% in the first quarter. Bristlecone Advisors LLC now owns 926 shares of the information technology services provider’s stock worth $367,000 after purchasing an additional 29 shares during the period. Jacobi Capital Management LLC boosted its stake in EPAM Systems by 19.9% during the 4th quarter. Jacobi Capital Management LLC now owns 205 shares of the information technology services provider’s stock valued at $73,000 after purchasing an additional 34 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of EPAM Systems by 58.6% during the 1st quarter. Parallel Advisors LLC now owns 92 shares of the information technology services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on EPAM Systems from $415.00 to $440.00 in a report on Friday, February 19th. VTB Capital reaffirmed a “hold” rating and issued a $425.00 price objective on shares of EPAM Systems in a research note on Monday, April 19th. Needham & Company LLC increased their target price on shares of EPAM Systems from $460.00 to $525.00 and gave the company a “buy” rating in a research note on Thursday, May 6th. Wells Fargo & Company upped their price target on EPAM Systems from $395.00 to $440.00 and gave the company an “overweight” rating in a report on Friday, February 19th. Finally, Barclays raised their price objective on EPAM Systems from $450.00 to $521.00 and gave the stock an “overweight” rating in a research note on Monday, May 10th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. EPAM Systems has an average rating of “Buy” and a consensus target price of $445.50.

NYSE EPAM traded up $2.53 on Friday, hitting $508.16. 3,070 shares of the stock were exchanged, compared to its average volume of 315,643. The business’s 50-day moving average price is $456.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.32 and a quick ratio of 4.32. EPAM Systems, Inc. has a 52-week low of $225.70 and a 52-week high of $506.81. The company has a market cap of $28.66 billion, a P/E ratio of 84.41, a price-to-earnings-growth ratio of 3.28 and a beta of 1.38.

EPAM Systems (NYSE:EPAM) last issued its quarterly earnings results on Thursday, May 6th. The information technology services provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.42. EPAM Systems had a return on equity of 18.17% and a net margin of 12.57%. The business had revenue of $780.80 million for the quarter, compared to the consensus estimate of $763.88 million. During the same quarter in the previous year, the company posted $1.43 earnings per share. EPAM Systems’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts forecast that EPAM Systems, Inc. will post 6.5 EPS for the current fiscal year.

In other news, SVP Lawrence F. Solomon sold 8,000 shares of the business’s stock in a transaction on Tuesday, May 25th. The shares were sold at an average price of $481.00, for a total transaction of $3,848,000.00. Following the transaction, the senior vice president now directly owns 10,659 shares in the company, valued at approximately $5,126,979. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jason D. Peterson sold 3,429 shares of the company’s stock in a transaction on Wednesday, May 12th. The stock was sold at an average price of $445.54, for a total transaction of $1,527,756.66. Following the completion of the transaction, the chief financial officer now directly owns 11,154 shares in the company, valued at $4,969,553.16. The disclosure for this sale can be found here. Insiders sold 72,948 shares of company stock valued at $35,058,199 over the last three months. 4.80% of the stock is owned by insiders.

EPAM Systems Profile

EPAM Systems, Inc provides digital platform engineering and software development services in North America, Europe, Russia, Belarus, Kazakhstan, Ukraine, Georgia, East Asia, Southeast Asia, and Australia. 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, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services.

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Institutional Ownership by Quarter for EPAM Systems (NYSE:EPAM)

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