MBM Wealth Consultants LLC Boosts Stake in EPAM Systems, Inc. (NYSE:EPAM)

MBM Wealth Consultants LLC boosted its holdings in shares of EPAM Systems, Inc. (NYSE:EPAM) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,720 shares of the information technology services provider’s stock after acquiring an additional 165 shares during the period. 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 large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in shares of EPAM Systems by 643.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 417,526 shares of the information technology services provider’s stock valued at $83,100,000 after purchasing an additional 361,363 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of EPAM Systems by 45.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 515,351 shares of the information technology services provider’s stock worth $102,570,000 after acquiring an additional 160,989 shares during the last quarter. Citigroup Inc. raised its holdings in shares of EPAM Systems by 199.5% during the 3rd quarter. Citigroup Inc. now owns 173,721 shares of the information technology services provider’s stock worth $34,576,000 after acquiring an additional 115,720 shares during the period. International Assets Investment Management LLC acquired a new position in shares of EPAM Systems during the 3rd quarter valued at about $21,787,000. Finally, Bank of Montreal Can grew its holdings in shares of EPAM Systems by 107.1% in the second quarter. Bank of Montreal Can now owns 174,813 shares of the information technology services provider’s stock valued at $32,900,000 after purchasing an additional 90,411 shares during the period. Hedge funds and other institutional investors own 91.58% of the company’s stock.

Wall Street Analyst Weigh In

EPAM has been the topic of several recent analyst reports. Barclays upgraded shares of EPAM Systems from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $250.00 to $290.00 in a report on Tuesday, December 17th. StockNews.com upgraded EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Itau BBA Securities raised EPAM Systems from a “market perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, November 8th. Citigroup upped their price target on EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, Susquehanna raised their price objective on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $269.84.

Insider Buying and Selling

In other news, SVP Viktar Dvorkin sold 6,758 shares of the company’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 transaction, the senior vice president now directly owns 13,000 shares of the company’s stock, valued at approximately $3,334,890. This represents a 34.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jason D. Peterson sold 464 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total value of $119,248.00. Following the sale, the chief financial officer now directly owns 24,372 shares in the company, valued at $6,263,604. This trade represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,222 shares of company stock worth $2,089,878. Company insiders own 4.30% of the company’s stock.

EPAM Systems Price Performance

Shares of NYSE EPAM opened at $237.47 on Wednesday. The stock’s 50-day moving average is $238.99 and its two-hundred day moving average is $214.47. 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 company has a market cap of $13.47 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 3.37 and a beta of 1.50. EPAM Systems, Inc. has a 1-year low of $169.43 and a 1-year high of $317.50.

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.