Venturi Wealth Management LLC Buys 164 Shares of EPAM Systems, Inc. (NYSE:EPAM)

Venturi Wealth Management LLC raised its stake in shares of EPAM Systems, Inc. (NYSE:EPAM) by 45.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 527 shares of the information technology services provider’s stock after buying an additional 164 shares during the quarter. Venturi Wealth Management LLC’s holdings in EPAM Systems were worth $105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC increased its holdings in EPAM Systems by 5,000.0% during the 2nd quarter. ORG Partners LLC now owns 153 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 150 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of EPAM Systems in the second quarter worth $29,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of EPAM Systems by 181.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 155 shares of the information technology services provider’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in EPAM Systems by 101.0% during the third 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 during the period. Finally, Capital Performance Advisors LLP bought a new position in EPAM Systems in the 3rd quarter worth about $44,000. 91.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 transaction of $237,000.00. Following the completion of the transaction, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.30% of the company’s stock.

EPAM Systems Stock Down 1.5 %

Shares of EPAM Systems stock opened at $244.86 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 company has a 50-day moving average of $202.58 and a 200 day moving average of $198.38. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.75 and a beta of 1.46.

EPAM Systems declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank upgraded EPAM Systems from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $245.00 to $275.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on EPAM Systems in a report on Thursday, August 22nd. They set a “hold” rating and a $204.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of EPAM Systems from $222.00 to $262.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup increased their price target on shares of EPAM Systems from $207.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Barclays boosted their price objective on shares of EPAM Systems from $200.00 to $225.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.20.

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.