EPAM Systems, Inc. (NYSE:EPAM) Shares Sold by Mendota Financial Group LLC

Mendota Financial Group LLC lessened its stake in EPAM Systems, Inc. (NYSE:EPAM) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 487 shares of the information technology services provider’s stock after selling 145 shares during the quarter. Mendota Financial Group LLC’s holdings in EPAM Systems were worth $114,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in EPAM Systems during the fourth quarter worth approximately $35,000. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of EPAM Systems by 181.8% during the 3rd 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 in the last quarter. Farther Finance Advisors LLC boosted its position in EPAM Systems by 101.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 211 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 106 shares during the period. Capital Performance Advisors LLP acquired a new stake in EPAM Systems in the 3rd quarter valued at $44,000. Finally, Sentry Investment Management LLC purchased a new position in EPAM Systems in the third quarter valued at about $52,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EPAM has been the topic of several recent research reports. Susquehanna boosted their price target on EPAM Systems from $240.00 to $270.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their target price on shares of EPAM Systems from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com raised shares of EPAM Systems from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Mizuho lifted their price target on shares of EPAM Systems from $245.00 to $282.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Citigroup upped their price objective 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. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, EPAM Systems presently has a consensus rating of “Moderate Buy” and an average price target of $267.84.

EPAM Systems Stock Up 0.1 %

EPAM stock opened at $225.89 on Tuesday. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 3.74 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. The firm has a fifty day moving average price of $237.68 and a two-hundred day moving average price of $212.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 4.56.

Insider Buying and Selling

In other EPAM Systems news, SVP Viktar Dvorkin sold 6,758 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $256.53, for a total value of $1,733,629.74. Following the sale, the senior vice president now directly owns 13,000 shares in the company, valued at approximately $3,334,890. This trade represents a 34.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jason D. Peterson sold 464 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $257.00, for a total transaction of $119,248.00. Following the transaction, the chief financial officer now owns 24,372 shares of the company’s stock, valued at $6,263,604. This represents a 1.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,222 shares of company stock worth $2,089,878 over the last quarter. 4.30% of the stock is owned by company insiders.

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.