Baker Tilly Wealth Management LLC Increases Stake in EPAM Systems, Inc. (NYSE:EPAM)

Baker Tilly Wealth Management LLC increased its position in shares of EPAM Systems, Inc. (NYSE:EPAM) by 4.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,465 shares of the information technology services provider’s stock after buying an additional 69 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in EPAM Systems were worth $343,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of EPAM Systems during the 4th quarter worth approximately $35,000. Farther Finance Advisors LLC boosted its holdings in shares of 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 valued at $42,000 after buying an additional 106 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of EPAM Systems in the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC acquired a new stake in EPAM Systems during the 3rd quarter worth $52,000. Institutional investors and hedge funds own 91.58% of the company’s stock.

Insider Transactions at EPAM Systems

In other news, CFO Jason D. Peterson sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $237.00, for a total value of $237,000.00. Following the completion of the transaction, the chief financial officer now owns 24,836 shares in the company, valued at $5,886,132. This trade represents a 3.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Viktar Dvorkin sold 6,758 shares of the business’s stock in a transaction dated 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 owns 13,000 shares in the company, valued at $3,334,890. This represents a 34.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,222 shares of company stock valued at $2,089,878 in the last ninety days. 4.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EPAM shares. Mizuho upped their price objective on shares of EPAM Systems from $245.00 to $282.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC raised their price target on EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com raised EPAM Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Citigroup increased their price objective on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler lifted their target price on shares of EPAM Systems from $225.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $267.84.

EPAM Systems Trading Down 1.2 %

Shares of EPAM stock opened at $225.72 on Friday. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50. 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 business’s fifty day moving average price is $236.95 and its 200 day moving average price is $211.59. The firm has a market capitalization of $12.80 billion, a PE ratio of 29.31, a P/E/G ratio of 3.74 and a beta of 1.49.

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.