Diversify Wealth Management LLC Sells 152 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Diversify Wealth Management LLC reduced its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,094 shares of the information technology services provider’s stock after selling 152 shares during the quarter. Diversify Wealth Management LLC’s holdings in EPAM Systems were worth $698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt raised 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 acquiring an additional 100 shares during the last quarter. Versant Capital Management Inc bought a new position in EPAM Systems during the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its holdings in EPAM Systems by 101.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after buying an additional 106 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of EPAM Systems in the 3rd quarter worth approximately $44,000. Finally, Sentry Investment Management LLC bought a new stake in shares of EPAM Systems in the 3rd quarter worth approximately $52,000. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analysts Forecast Growth

EPAM has been the subject of a number of research analyst reports. The Goldman Sachs Group raised EPAM Systems from a “neutral” rating to a “buy” rating and raised their price target for the stock from $235.00 to $295.00 in a research note on Friday, December 6th. Citigroup lifted their target price on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Piper Sandler raised their price objective on shares of EPAM Systems from $225.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, November 8th. Finally, Scotiabank raised EPAM Systems from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $245.00 to $275.00 in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

Insider Buying and Selling at EPAM Systems

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

EPAM Systems Trading Up 3.7 %

NYSE:EPAM opened at $237.47 on Wednesday. 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 $13.47 billion, a price-to-earnings ratio of 30.84, a PEG ratio of 3.37 and a beta of 1.50. The company’s 50 day moving average price is $238.99 and its 200-day moving average price is $214.47. The company has a quick ratio of 4.56, a current ratio of 4.56 and a debt-to-equity ratio of 0.01.

EPAM Systems Company 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.